West Virginia Holds Key to Carlyle Takeover
A national private investment firm’s purchase of a nursing home chain is being unnecessarily delayed in West Virginia by a union that’s putting politics before patients, company executives involved in the proposed sale said Thursday.
The Carlyle Group, a corporate buyout firm, plans to acquire HCR Manor Care, the nation’s largest nursing home chain, as part of a $6.3 billion deal.
Carlyle and Manor Care executives said the Service Employees International Union’s “coordinated campaign” to delay the sale is part of a national organizing effort to boost membership and unionize more nursing homes. Manor Care operates seven Heartland nursing homes in West Virginia.
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