When Private Equity Takes Over a Nursing Home

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

https://www.newyorker.com/news/dispatch/when-private-equity-takes-over-a-nursing-home