More Bailouts Federal government stimulus funding such as the CARES Act allowed the nursing home industry to survive during the pandemic. Occupancy rates fell to the lowest level since data have been collected. The National Investment Center for Seniors Housing & Care (NIC) states the rate is only 71.7%. Occupancy declined 13.3 percentage points since February
MarketWatch asked an important question: Would you want your parents to live in a nursing home owned by private equity? As a nursing home attorney, I have found that nonprofits are better than for-profits, and chains owned by private equity are the worse. Over the last two decades, private equity firms bought 2,000 nursing homes.
New Jersey passed a law requiring nursing homes to disclose the names of owners and relate entities. Ownership transparency increases accountability and safety. As a nursing home attorney, this is progress. I hope South Carolina passes similar legislation. The law requires operators to disclose material information about changes of ownership. This will help find repeat
Single-occupancy rooms are necessary for resident safety and to prevent infectious diseases from spreading in nursing homes. It is not a luxury or just a privacy concern. It should be the cost of doing business. Plante Moran observed in a new report that the need will accelerate in the future. “Moving forward, private rooms will
McKnight’s reported in an opinion piece that appeared in medical news outlet STAT. Dr. Haider Warraich, M.D. admitted what everyone in the industry knows: “Private equity investment fundamentally changes nursing homes.” Dr. Warraich asserts that for-profit nursing homes place residents at higher risk of death and are a poor deal for elders overall. The lack of
Ohio WOUB reported that Ohio may be the next State to allow residents use cameras for safety and security. State Rep. Juanita Brent introduced a bill allowing residents of nursing facilities to use cameras in their rooms. The resident would post a sign on the door informing visitors they could be on camera. This is
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