Comments on: Nursing Home Cost Cuts: A Private Equity Microcosm? http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-private-equity.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Greg Pawelski http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-private-equity.html#comment-16006 Greg Pawelski Fri, 19 Sep 2008 05:39:00 +0000 http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-a-private-equity-microcosm/#comment-16006 There's A Crisis With Nursing Homes<br/><br/>What do sewer sludge and nursing homes have in common? <br/><br/>http://www.baltimoresun2.com/talk/showthread.php?t=147677 There’s A Crisis With Nursing Homes

What do sewer sludge and nursing homes have in common?

http://www.baltimoresun2.com/talk/showthread.php?t=147677

]]> By: Brian Skelley http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-private-equity.html#comment-2783 Brian Skelley Mon, 31 Dec 2007 07:59:00 +0000 http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-a-private-equity-microcosm/#comment-2783 The Lord has directed us to help people in need (health,financial,homecare)<br/>by offering them a modern way of receiving debt-free money directly from their property.<br/>Take a look at this innovative product and the way <br/>it can change your life forever.<br/><br/>http://www.happyages.com<br/><br/>God Bless! The Lord has directed us to help people in need (health,financial,homecare)
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]]> By: Behind the Buyouts http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-private-equity.html#comment-925 Behind the Buyouts Mon, 24 Sep 2007 22:05:00 +0000 http://www.nakedcapitalism.com/2007/09/nursing-home-cost-cuts-a-private-equity-microcosm/#comment-925 Ouch. The timing for this story couldn’t be worse for the Carlyle Group, which is busy finalizing the largest-ever buyout of a nursing home chain, its <a HREF="http://www.carlylefixmanorcarenow.org/" REL="nofollow">$6.3 billion buyout of HCR Manor Care</a>. It would be nice if Carlyle used the buyout to prove everyone wrong and improve care, given that more than 85% (!) of Manor Care facilities already report CNA staffing levels below 2.8 hours per resident day—a standard identified in a Centers for Medicare and Medicaid Services study as necessary to properly care for residents. Unfortunately, so far it looks like more of the same – “more profits, less nursing” – the takeover will result in a windfall of as much as $254 million for top Manor Care execs, including as much as $186 million for CEO Paul Ormond, plus Carlyle will get millions in fees. Read more <a HREF="http://www.behindthebuyouts.org/media-center/2007/9/24/new-york-times-exposes-harm-to-seniors-after-private-equity-.html" REL="nofollow">here</a>. Ouch. The timing for this story couldn’t be worse for the Carlyle Group, which is busy finalizing the largest-ever buyout of a nursing home chain, its $6.3 billion buyout of HCR Manor Care. It would be nice if Carlyle used the buyout to prove everyone wrong and improve care, given that more than 85% (!) of Manor Care facilities already report CNA staffing levels below 2.8 hours per resident day—a standard identified in a Centers for Medicare and Medicaid Services study as necessary to properly care for residents. Unfortunately, so far it looks like more of the same – “more profits, less nursing” – the takeover will result in a windfall of as much as $254 million for top Manor Care execs, including as much as $186 million for CEO Paul Ormond, plus Carlyle will get millions in fees. Read more here.

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