Nursing home care declines after large buyouts, according to study
Posted on Sep 24th 2007 6:31PM by Brian WhiteFiled Under: Diet & Weight Loss, Fitness
When that neighborhood nursing home or assisted living center is bought out by a private company (usually as an investment) a survey shows that the quality of care often deteriorates soon afterward.Why is this? Do cost-cutting measures and other measures not meant to provide the best care for patients (customers) thrown out the window in the name of profits? That's just a guess, but the term "for profit" generally describes the purchasers of such locations. Profit is the motive -- but what else is?
In the survey, expenses and staff were cut at about 60 percent when it came to nursing homes bought by private equity. There is your answer, folks.
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