McKnight's June 14, 2024
Go to any investment conference, and you are likely to hear about the many benefits private equity brings to long-term care.
Proponents like to highlight the fostering of innovation, financial stability and better care quality.
Private equity investors do inject substantial capital into nursing homes, which can enable upgrades to facilities, technology and equipment.
In addition, they often bring sophisticated management practices and operational efficiencies to the party. This results in more streamlined care delivery.
Moreover, private equity investment often breeds strategic partnerships and mergers, creating networks of nursing facilities that can share resources and best practices.
If only that were the whole story.
For a counterpoint, please allow me to direct your attention to a recent editorial appearing in...