News Resources

£400m fostering services merger faces investigation

A merger between two private firms – Acorn Care Education Group and the National Fostering Agency Group (among the largest providers of foster placement services to councils in England, Scotland and Wales), is to be investigated due to concerns it has created a monopoly.

Following an initial investigation, the Competition and Markets Authority (CMA) has announced it will proceed with a more detailed “phase 2” merger investigation because of concerns that councils in some areas may now struggle to achieve value for money.

The market for independent fostering placement services is worth in excess of £750m a year and the companies are two of the largest national providers to local authorities.

Read the full piece at source: Major £400m fostering services merger faces probe

Follow Children and Young People Now:

Our mission is to help bring about improvements in practice and policy. Holding children at the centre of what we do through our work with and for them, we aim to lead and promote excellent care and services. The partnership consists of an elected Chair and elected Regional Leads who represent their regions at a national level (two from each of the nine regions within England).

0 comments on “£400m fostering services merger faces investigation

COMMENTS can be added here. Please see our privacy policy. We may remove any posts that do not adhere to our guidance on the acceptable use of the partnership’s social media pages.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: