When Private Equity Takes Over a Nursing Home

Published On: September 6, 2022Categories: NewsTags: , ,

How a pristine nursing home was destroyed by a private equity acquisition. Nearly a quarter of the hundred-person staff had been with the home for more than fifteen years; the activities director was in her forty-fifth year. But the ownership change precipitated a mass exodus. Within two weeks, management laid out plans to significantly cut back nurse staffing. Some mornings, there were only two nursing aides working at the seventy-two-bed facility.

Read the full article in the New Yorker