ManorCare Inc., a nursing home operator, was bought by private-equity firm Carlyle Group for $6.3 billion. In April, analysts said the company was in an “enviable position of being the last publicly traded, national nursing provider that predominantly owns real estate.” ManorCare operates over 500 facilities and hospice and home-care agencies, for short-term post-acute and long-term care. ManorCare Inc., uses the names Heartland, ManorCare Health Services, and Arden Courts and employs 60,000 people.
This acquisition is yet another illustration of increasing success and profits in the nursing home industry while owners and administrators cite lack of funds as reasoning for understaffing and poor or absent training. Owners are profiting significantly from the nursing home industry while abuse and neglect persist, devastating victims and families across the country. ManorCare has numerous facilities in Illinois and is consistently cited with Illinois Department of Public Health violations.
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