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Private equity firms have made big investments in big for-profit nursing home chains. @SenSherrodBrown, @RepMarkPocan & I are investigating their role in the declining quality of nursing home care. #StopWallStreetLooting washingtonpost.com/business/econo…
For-profit nursing home chains owned by private equity firms have more health & safety problems that put residents at risk. And the complicated ownership structure makes it hard for families to hold these homes legally liable for bad care. #StopWallStreetLooting
I’m concerned about private equity firms' investment in industries like nursing homes that care for seniors & people with disabilities & rely on government Medicaid & Medicare funding. That’s why I’ve got a bill to #StopWallStreetLooting & hold private equity firms accountable.
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