Skilled Nursing News September 26, 2023
At least 5% of the nation’s nursing homes had private equity ownership in 2022, according to a new report issued by the Government Accountability Office (GAO), which also noted “limitations” in the federal government’s data on nursing home ownership.
The congressional watchdog based its analysis on a review of the Centers for Medicaid & Medicare Services’ (CMS) data on nursing home ownership, supplemented with other sources. Nursing homes that meet certain ownership thresholds are required to report ownership data to CMS. However, GAO said these thresholds might need to be reassessed to give a more accurate picture of nursing home ownership. CMS’s nursing home ownership data do not list all owners and were not designed to identify private equity owners,...
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