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Are Critics Of Private Equity Nursing Home Ownership Living In The Past?
Wellness visitor and a senior female during residence go to. A nurse speaking to an elderly girl. getty It has grow to be popular amid a lot of Democrats to connect with for investigations of nursing house ownership by private fairness companies. But business authorities explain to me that, increasingly, massive traders in senior companies are abandoning nursing facilities in favor of the far more rewarding household health and fitness business enterprise and, in some instances, private-spend senior housing. And the change isn’t just happening with non-public fairness investors. Coverage organizations and overall health techniques also are finding into the household well being business even as lots of hospitals are…
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A nursing home where 83 residents died of Covid is still in business under a new name
In December 2019, Sharon Farrell flew from Florida to visit her brother Stephen at a New Jersey nursing home, where, she said, she found “disgusting” conditions. “I told the nurse, ‘I am calling the state,'” she said. “I’m paying $9,000 a month, and I wouldn’t let my dog live like this.” Farrell said that four months later, as Covid-19 was spreading rapidly, she repeatedly called the facility to ask how her brother was doing. When she finally reached someone, she said, she was told he was fine. Within a few days, however, he was dead. It has been 19 months since the discovery of 17 bodies in a tiny morgue…
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/JTGCEG3BM5NKNFVDNXWWE6IZHA.jpg "U.S. new home sales beat expectations; supply near 13-year high")
