Private equity in elderly care: after two years, the first locations are closing because there is nothing to be earned there

Two elderly care locations in Haarlem are closing after being transferred from Pro Senectute to a private equity firm, Fortumus, due to unprofitability. Despite the closures, the fund from the sale of Pro Senectute's assets has grown to over 100 million euros, which is now allocated for general charitable purposes. Concerns were raised about the impact of privatization on care quality, as many apartments remain vacant due to high rents and maintenance issues. The interim director of Fortumus indicated that efforts to keep the locations open were unsuccessful, while the former organization continues to thrive financially.