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Sunwest will Sell 134 Nursing Homes to Blackstone Group

Sunwest Management has signed a deal to sell 134 of its nursing homes to a group led by private equity giant Blackstone. The deal appears to be controversial considering that Blackstone is offering a lowball price. Even federal criminal investigators are looking into the case. When nursing homes change management, many problems ensue, and residents’ care may be compromised.To read more about the nursing home sale, please click the link.