Ventas, a health care real estate investment trust, has seen their second quarter profit rise five fold. The trust recently purchased Sunrise Senior Living for almost $2 billion. Ventas owns hundreds of senior-housing communities and skilled-nursing facilities. Clearly, the nursing home business has been thriving as of late. However, facilities such as Sunrise Senior Living homes have had a history of abuse and neglect. Nursing home owners often blame lack of funds for understaffing and the absence of proper training. Examples such as the rise in Ventas’s revenue by almost $100 million shows that there might be more to the story.
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