New report cites ‘harmful effects’ of private equity firms buying nursing homes

It’s one of the most sensitive roles in health care: caring for our elders. But behind the scenes, a quiet shift in ownership is raising concerns about whether profit is coming before people. A new report details how private equity firms are acquiring—and in some cases bankrupting—nursing homes across the U.S. The effects are felt locally, too. In Iowa, one firm now controls 29 homes, with troubling signs already emerging. Critics say it’s time for more transparency—and more oversight—before care quality pays the price. Clark Kauffman with Iowa Capital Dispatch has the full story.

Editor’s Note: This is a trend that’s been observed locally in other niche housing markets, specifically the ownership of mobile home parks. The results of this trend in business have been not positive for the places where it happens or the people directly impacted.

Clark Kauffman

Iowa Capital Dispatch

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