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226

An Agenda for Reform

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Ballou, B. (2023). An Agenda for Reform. In Ballou, B. Plunder: Private Equity's Plan to Pillage America. PublicAffairs, pp. 226-367

231

Require reporting on the ultimate parent entity of nursing homes. Private equity firms often obscure their ultimate ownership of nursing homes to avoid legal liability. The Center for Medicare or Medicaid Services has regulations that require homes to disclose any investors with a 5 percent or greater ownership stake.13 These regulations should be updated to require nursing homes to identify the ultimate parent entities of the investors, as well as the ultimate parent entities of the contractors that they use (nursing homes often obscure their wealth by paying money to contractors that they themselves own). This information should be made public so that the families of those who die in nursing homes know whom to sue.

i mean sure but it is crazy to end on a sentence like that

—p.231 by Brendan Ballou 9 months, 3 weeks ago

Require reporting on the ultimate parent entity of nursing homes. Private equity firms often obscure their ultimate ownership of nursing homes to avoid legal liability. The Center for Medicare or Medicaid Services has regulations that require homes to disclose any investors with a 5 percent or greater ownership stake.13 These regulations should be updated to require nursing homes to identify the ultimate parent entities of the investors, as well as the ultimate parent entities of the contractors that they use (nursing homes often obscure their wealth by paying money to contractors that they themselves own). This information should be made public so that the families of those who die in nursing homes know whom to sue.

i mean sure but it is crazy to end on a sentence like that

—p.231 by Brendan Ballou 9 months, 3 weeks ago