Navigation Links
Manor Care Shareholders Vote to Approve $6.3 Billion Carlyle Buyout
Date:10/17/2007

Hundreds of Nursing Home Workers From Across the Nation Rally for Improved Nursing Home Care

Caregivers, senior advocates to travel by caravan from Toledo, Ohio to Washington, DC to highlight concerns over private equity takeover of nation's largest nursing home chain; Wash., DC rally set for Oct 22

TOLEDO, Ohio, Oct. 17 /PRNewswire-USNewswire/ -- More than two hundred nursing home caregivers from across the nation, senior advocates and elected leaders rallied today outside the Toledo headquarters of the nation's largest nursing home chain, HCR Manor Care, as shareholders voted today to approve a $6.3 billion buyout by the Carlyle Group. The demonstrators raised concerns that the buyout could come at a high cost to seniors, taxpayers, and workers. The deal is expected to close by the end of year.

Two members of the group went inside the shareholders meeting as proxies -- SEIU District 1199 President Dave Regan and Carol Lafferty, a nursing aide at a Manor Care facility in Beckley, West Virginia. Regan addressed Manor Care management and shareholders, calling on them to make specific commitments to work with the Carlyle Group to improve care and ensure safe staffing as part of the deal. Manor Care CEO Paul Ormond refused to answer or was unresponsive to questions raised about the deal.

"Manor Care shareholders and executives will do very well for themselves in this deal -- we are concerned the interests of other nursing home stakeholders are at risk," said Regan, who heads SEIU District 1199, a union with more than 28,000 health care, social service and public sector members across Ohio, West Virginia, and Kentucky. "Quality problems and short staffing at Manor Care homes across the country are putting nursing home residents at risk. Carlyle and Manor Care should commit to making improvements or this will be a raw deal for seniors, taxpayers and workers."

A recent front page expose by the New York Times detailed how cuts to staffing and operations at nursing homes bought by private equity firms across the country have enriched top executives and buyout firms but left nursing home residents worse off. Read the article at http://www.nytimes.com/2007/09/23/business/23nursing.html?_r=2&n=Top/Refere nce/Times%20Topics/People/D/Duhigg,%20Charles&oref=slogin&oref=slogin.

Go to http://www.behindthebuyouts.org/media-center/ to read the release in its entirety.


'/>"/>
SOURCE Service Employees International Union
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. NEW ROBOTIC SURGERY ARM APPROVED BY FDA
2. Abortion Pill approved by FDA
3. Another injectable contraceptive Pill approved by FDA
4. Levothyroxine Thyroid Hormone Replacement, Approved for Hypothyroidism
5. New FDA Approved Drug To Treat Migraine
6. Lose Weight With New Wonder Slimming FDA approved Prescription Drug
7. New FDA Approved Drug NATRECOR For Heart Failure Patients
8. FDA approves Phase 0 trial which tests experimental drugs on humans
9. FDA Approves Contraceptive Ring
10. FDA approves new device to treat womens bleeding disorder
11. FDA Approves New HIV Drug, Viread
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... ... ... Image One USA veteran franchise owner Maria Bogacki is bringing ... Nashville that will benefit. , “I’ve enjoyed being a part of the Image One ... question that I would bring my business with me,” Bogacki said. “The entire Image ...
(Date:2/11/2016)... ... February 11, 2016 , ... The ... among the top five firms in the “2015/2016 Best in KLAS: Software and ... Staffing. KLAS is a research and insights firm on a global mission to ...
(Date:2/11/2016)... FL (PRWEB) , ... February 11, 2016 , ... ... and advocates will discuss how to improve care by making data on heart ... heart disease. The Summit on Transparency and Public Reporting of Pediatric and Congenital ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... Surgery, Dallas plastic surgeon , Dr. Rod J. Rohrich, and colleagues, examine ... Dr. Rohrich outlines recommendations for rhinoplasty surgeons when addressing this vital area. , ...
(Date:2/11/2016)... ... February 11, 2016 , ... veEDIS Clinical ... technology, with highly adaptable algorithms, has been updated to help Emergency Department physicians ... symptoms consistent with Zikas and a travel history to affected regions, or potential ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... 2016 Potrero Medical, Inc., the developer of the ... appointment of George M. Rapier, III , MD, to ... , WellMed is one of the nation,s largest physician ... members in Texas and ... his own internal medicine practice, he has been instrumental to ...
(Date:2/11/2016)... AAIPharma Services Corp./Cambridge Major Laboratories, Inc. ... development services for the pharmaceutical and biotechnology industries, ... in its Charleston, SC ... recent investments. Charleston ... with small-scale lyophilization. The site has invested in ...
(Date:2/11/2016)... SEOUL, South Korea , Feb. 11, 2016 Wearable posture tracker, ALEX , has ... project fully funded and just seven days left to go, ALEX is said to be delivered to ... http://photos.prnewswire.com/prnh/20160211/332248 ... ... ...
Breaking Medicine Technology: