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:3/28/2017)... Fairfax, VA (PRWEB) , ... March 28, 2017 , ... ... T. Still, MHA, FRBMA, has begun to serve as its new executive director. Mr. ... and the Executive Search Committee. , “Bob, as he is known to our ...
(Date:3/28/2017)... Vilnius, Lithuania (PRWEB) , ... March 28, 2017 ... ... identification technologies, today announced the release of two biometric time and attendance tracking ... Bio Attendance 4.0 software. NCheck Cloud Bio Attendance uses biometric face recognition ...
(Date:3/28/2017)... ... March 28, 2017 , ... The Executives, Staff & Clients of MGE: Management ... Toys for Tots Literacy Campaign at their Semi-Annual Graduation and Fundraiser Event at MGE’s ... U.S. ranks at number 14 internationally in literacy. Statistically, a direct relation can be ...
(Date:3/28/2017)... ... March 28, 2017 , ... Prominant bariatric ... Inc. is thrilled to offer the recently FDA-approved Obalon Balloon System to his ... to SkyLex Advanced Surgical’s already comprehensive list of weight-loss services. Dr. Liu ...
(Date:3/28/2017)... CA (PRWEB) , ... March 28, 2017 , ... Silicon ... is proud to announce a new blog post about women’s hair loss. Although hair ... from hair loss as they age. Menopause or genetics can be two reasons a ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... , March 27, 2017  A recent study ... only four freestanding hospitals in the country dedicated to ... and reconstructive surgery, concluded that the Surfacide Helios ® ... integral component in reducing bacterial pathogens not killed by ... were published at the American Burn Association,s 49th Annual ...
(Date:3/27/2017)... -- To mark the end of Save Your Vision Month, ... digital imaging solutions, will showcase Canon eye care devices during ... New York,s Jacob Javits Center from March 30 ... the American Optometric Association, is observed annually in March to ... exams. In recognition of this observance, Canon U.S.A. ...
(Date:3/27/2017)... YORK , March 27, 2017 FinancialBuzz.com News ... According to a new ... North America , grew 34 percent to $6.7 billion and ... rate of (CAGR) over the next five years, from $6.7 billion in ... of Americans that will be able to purchase cannabis without a doctor,s ...
Breaking Medicine Technology: