“The growing sophistication of the nursing home industry has enabled some owners to leverage and direct assets in a manner that maximizes profits without meaningful accountability for nursing home quality.”
Excerpt From
These Are the Plunderers
Gretchen Morgenson & Joshua Rosner
Examining the period 2013–2017, residents of titan-owned nursing homes were 11.1 percent more likely to have an acute coronary syndrome emergency department visit and 8.7 percent more likely to have a related hospitalization, compared to for-profit nursing homes not owned by private equity. What’s more, total Medicare costs were almost 4 percent higher than at their peers, the study found.
Another study, in 2017, tracked what happened at nursing homes that had been acquired by private equity firms. Academics Aline Bos and Charlene Harrington examined transactions from 2000 through 2012 and found total staffing, per patient per day, dropped significantly after a buyout.
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