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Britain s biggest care home operator has hiked fees for residents in the pandemic while funnelling cash to its super-rich owners, experts have claimed.
Private equity-owned HC-One has been accused of using loans and a complex web of offshore structures to ‘extract cash’ and reduce its tax bill.
Newly published accounts reveal the company, which has 8,000 residents in 170 care homes, increased fees to residents and councils by an inflation-busting 3.6 per cent.
Raising fees: HC-One, founded by Labour donor Chai Patel (pictured) has been accused of using loans and a complex web of offshore structures to extract cash and reduce its tax bill