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When establishments go broke, residents and families suffer. Fees specialist Ray Hart outlines how to reduce the risk. Across the UK, there are weekly news reports of residents and their families campaigning to fight care home closures. But why is it happening so often? The usual reasons cited include falling demand (which is debatable, given an ageing population), increases in utility costs, failing to meet industry standards, or the simple fact that the books don’t add up.
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