AFREF submitted a letter with partner organizations expressing a mutual concern about the lack of transparency regarding the ownership and control of nursing facilities that serve Medicare and Medicaid beneficiaries.
Having a rapacious business like private equity watching over particularly vulnerable people has never been a good idea. Still the evidence is mounting that Wall Street has pushed the envelope in recent years. Nursing homes, youth facilities, and homes for disabled adults have all fallen under the ownership of an industry with a track record of prioritizing wealth extraction over running companies well, to say nothing of caring for people in need.