Care home insolvencies rose by 12% last year

Recent research suggests that the number of care homes going bust climbed by 12% last year.

Data from accountancy firm Wilkins Kennedy said that the number of care home insolvencies rose from 60 in 2011 to 67 in 2012.

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Care homes face finance check

Care home owners will be forced to prove they are financially stable to avoid a second Southern Cross-style collapse, officials said. The Government is to implement a series of safeguards to prevent a repeat of the crisis.