CQC investigates leading care home operator’s finances, report


The CQC has raised concerns over the finances of leading care home operator Advinia Healthcare, according to a news report.

Leaked documents seen by the Guardian show the CQC has become concerned about Advinia’s cash flow and financial management, as well as its failure to submit to an independent audit of its finances.

With 3,250 beds and 4,500 staff at 38 care homes, Advinia became England’s 10th largest care home provider following its purchase of 22 homes from Bupa in February 2018 (see Advinia completes purchase of 22 Bupa care homes).

Under its Market Oversight powers, the CQC is able to order a provider to submit to a financial audit if it considers there is significant risk to its financial stability.

The Guardian said over 150 local authorities had been alerted that Advinia was refusing to comply with CQC attempts to conduct an independent business review (IBR) of its finances.

While the regulator said its advice for local authorities should not be read as an indicator that Advinia was likely to collapse its refusal to submit to a review meant that it could not be given a clean bill of health.

The CQC told CHP that it was not able to comment on individual cases, adding failure to comply with a request for relevant information or explanation, without reasonable excuse, was a criminal offence.

CHO has contacted for Advinia Health Care for comment.

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