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  Revealed: Private equity firms are making millions out of failing children's care homes - yet care
  
  for vulnerable is 'unacceptable'
  
  Review launched after Rochdale child-grooming scandal discovers that 63 privately owned homes
  
  did not meet the Government's minimum standards
  
  Private-equity firms and multimillionaire property dealers are making millions of pounds from dozens
  
  of children's care homes that failed to provide acceptable standards of care for the most vulnerable
  
  young people in society.
  
  A major review of the industry launched after the Rochdale child-grooming scandal has revealed
  
  hat 63 privately owned children's care homes across the country did not meet the Government's
  
  minimum standards.
  
  Ofsted inspection reports included in the landmark study, commissioned by the Education Secretary
  
  , Michael Gove, reveal that one in three homes run by Advanced Childcare Limited, Britain's largest
  
  private provider, failed to be classified as "good" or "outstanding" by the education watchdog.
  
  Officials now class any institution that fails to meet this benchmark as "unacceptable".
  
  The Cheshire-based company, which charges councils up to £208,000 a year to care for a single
  
  child, is owned by GI Partners, a US private-equity firm which has around £4bn of assets
  
  under management.
  
  Full story Independent.

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