Navigation Links
Private equity companies purchase nursing homes, but care does not suffer
Date:9/9/2008

BOSTON, Mass. (Sep. 10, 2008)In recent years, private equity investors have increasingly targeted nursing homes as investment opportunities. Spurred by investigative reports and anecdotal evidence that these deals led to worsened quality of care, many companies have found themselves under increased federal scrutiny.

But according to a new study, such conclusions may be premature. Private equity purchases of nursing homesmany of which result in administrative and corporate restructuringhave not caused quality of care to decline significantly to date. In fact, in some aspects, the quality of care has improved.

"This is an early look at what happens after these purchases," says Harvard Medical School assistant professor David Stevenson, who co-authored the paper with associate professor David Grabowski. "Many of the transactions we looked at were just a few years old, so it's hard to draw definitive conclusions about these types of deals. However, our results paint a more positive picture than had emerged previously."

These findings appear in the September/October issue of the journal Health Affairs.

Starting around 2000, a number of private equity groups began purchasing nursing home chains, mostly in states like Florida and Texas, where litigation was more common than in other states. As a result of these transactions, and to buffer themselves against costly litigation expenses, many of the nursing homes were divided into sub-companies, decentralizing ownership so that, for example, the same "company" didn't own both the property and operations. As a result, if a patient were to sue for medical negligence, it would be more difficult to pursue property assets.

Investigative reporting, such as a 2007 front page article in the New York Times, looked at patient care in these homes both before and after these corporate purchases. It concluded that such restructuring had weakened patient care, which in tu
'/>"/>

Contact: David Cameron
david_cameron@hms.harvard.edu
617-432-0441
Harvard Medical School
Source:Eurekalert

Page: 1 2 3

Related medicine news :

1. Vickie Milazzo Institute Makes Inc.s List of Top 5000 Fastest-Growing Private Companies in America
2. Z Trim Holdings, Inc. Announces Private Placement Funding
3. Jackson Healthcare Ranked 48th of All Health Companies on Inc. Magazine's 2008 List of 5000 Fastest Growing Private Companies
4. invivodata Recognized as One of Pittsburghs Fastest Growing Private Companies
5. The Coding Source Named to Inc. Magazines 27th Annual List of Americas 500 Fastest-Growing Private Companies
6. Vigilan Recognized as One of the Fastest-Growing Private Companies in the U.S.
7. VirtualHealth Technologies, Inc., Announces That Its Associate, Private Access, Will Be Partnering with Genetic Alliance To Accelerate Medical Research While Protecting Privacy
8. VirtualHealth Technologies, Inc., Announces Its Associate, Private Access, Appoints Marc Kirshbaum as President & COO
9. Plexus Consulting Group Works With a USAID-Funded Project to Help the Private Hospitals Association of Jordan Create a Roadmap for the Future
10. Peptimmune Announces the Second Close of Series D Private Financing
11. Houston-Based Tyrell, Inc. Completes $28 Million Private Equity Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/4/2015)... ... August 04, 2015 , ... ... vascular, electrocardiogram (EKG), echocardiogram, and NCV testing, announced their collegiate division, Wimbledon ... previously undiagnosed cardiovascular abnormalities one program at a time. , “Wimbledon ...
(Date:8/4/2015)... ... , ... An article published July 27th by the Providence Journal ... encouraging people to lose weight. Specifically the study compared control patients with those who ... a financial incentive to the overall incentive of increased health. According to Michael Feiz, ...
(Date:8/4/2015)... TX (PRWEB) , ... August 04, 2015 , ... Bayco ... factor small enough to fit, for example, on hard hats that have a flip-up ... Dual-Light Headlamp allows users to work without having to remove their headlamp when ...
(Date:8/4/2015)... ... 04, 2015 , ... It’s hard to look your best, ... in Santa Barbara, CA is offering the solution by offering an underarm sweat-removing ... and odor glands in the underarms. This simple and permanent solution usually offers ...
(Date:8/4/2015)... ... August 04, 2015 , ... Worldwide Power Products acquires ... expanding its reach in Texas. Effective July 1st of this year, Worldwide Power ... division. With the North Texas acquisition, Worldwide Power Products (“WPP”) now services ...
Breaking Medicine News(10 mins):Health News:Colleges and High Schools Across the Country Are Joining the Wimbledon U Team Uncovering Unknown Cardiac Conditions and Promoting Heart Healthy Athletes 2Health News:Colleges and High Schools Across the Country Are Joining the Wimbledon U Team Uncovering Unknown Cardiac Conditions and Promoting Heart Healthy Athletes 3Health News:Article on Incentivizing Weight Loss Mirrors Similar Motivations Surrounding Weight Loss Surgery, Says Dr. Feiz & Associates 2Health News:New Nightstick® NSP-4614B Dual-LightTM Headlamp fits more functionality into more places 2Health News:New Nightstick® NSP-4614B Dual-LightTM Headlamp fits more functionality into more places 3Health News:Simple, Non-Invasive, Permanent Solution To Stop Underarm Sweating in Santa Barbara 2Health News:Simple, Non-Invasive, Permanent Solution To Stop Underarm Sweating in Santa Barbara 3Health News:North Texas Acquisition Press Release 2
... 23 Medical device industry,leaders, lawmakers, and government ... the Medical Device Manufacturers Association (MDMA) on,June 12th ... in Washington, D.C., (Logo: http://www.newscom.com/cgi-bin/prnh/20041004/MDMALOGO ... entrepreneurial medical technology,companies. The Annual Meeting brings leading ...
... Supporting,1500 New Students in Accelerated Nursing Programs, ... (RWJF) and the American Association of Colleges of ... New Careers in Nursing,Scholarship Program, designed to alleviate ... of students in accelerated nursing,programs. Scholarships in the ...
... West Coast Bank,has committed $5,000 to the Children,s ... Courage Event series and other projects,throughout the year., ... and Vice President,said, "It is such a pleasure ... to serving local communities. The Children,s Cancer,Association sponsorship ...
... following Webcast:, What: Heska Corporation Invites You to Listen to ... on the Web, When: Tuesday, May 6, @ 9:00 a.m. (MDT], ... Stockholders link on the front page of ... on to the web at the ...
... Endocrine Society,s 90th Annual MeetingENDO 08will be held at ... 15-18, 2008. , Reporters can register here: ... all over the world are expected to assemble for ... endocrinology. , It is the opportunity for journalists ...
... Americans and certain ethnic groups will have greater effects ... to the latest issue of Public Policy & ... generation and residents of Hispanic and Asian backgrounds will ... The entire issue is authored by cutting-edge demographer William ...
Cached Medicine News:Health News:Key Industry and Government Officials to Address Medical Technology Executives 2Health News:Robert Wood Johnson Foundation Partners with AACN to Launch New Careers in Nursing Scholarship Program 2Health News:Robert Wood Johnson Foundation Partners with AACN to Launch New Careers in Nursing Scholarship Program 3Health News:Robert Wood Johnson Foundation Partners with AACN to Launch New Careers in Nursing Scholarship Program 4Health News:Webcast Alert: Heska Corporation's Annual Meeting of Stockholders Webcast 2Health News:ENDO 08: Latest news on hormones, steroids, obesity, diabetes and more 2
(Date:8/4/2015)... DUBLIN , Aug. 04, 2015 ... ) has announced the addition of the ... Patient Comfort and Operational Efficiency, with Growth Driven ... "MRI Systems Market to 2020 - ... Growth Driven by Developing Economies" discusses the market, ...
(Date:8/4/2015)... Pittsburgh Life Sciences Greenhouse (PLSG), the region,s only pure ... its portfolio companies, Medrobotics Corporation, has received FDA market ... in the U.S.  "I couldn,t be ... John W. Manzetti , president and CEO of PLSG. ... out of The Robotics Institute at Carnegie Mellon University ...
(Date:8/4/2015)... N.J. , Aug. 4, 2015 /PRNewswire/ ... University of Massachusetts Medical School,s Clinical Pharmacy ... support regarding clinical protocols and therapy interventions ... Specialty medication therapy management ... helps to ensure optimal patient outcomes are ...
Breaking Medicine Technology:Global MRI Systems Market Outlook to 2020 - Focus on Patient Comfort and Operational Efficiency, with Growth Driven by Developing Economies 2Pittsburgh Life Sciences Greenhouse Portfolio Client Medrobotics Receives FDA Market Clearance 2Pittsburgh Life Sciences Greenhouse Portfolio Client Medrobotics Receives FDA Market Clearance 3Armada Health Care collaborates with University of Massachusetts Medical School for ArmadaOne Specialty Pharmacy Platform 2Armada Health Care collaborates with University of Massachusetts Medical School for ArmadaOne Specialty Pharmacy Platform 3
... Utilizing the most complex grinding ... accurate trial lens, are specifically ... quality and precision as the ... marco RT-300 refractor. Marco custom ...
Non-Illuminated Trial Lens Set with lenses mounted in plastic frames....
Illuminated Trial Lens Set is an attractive set of trial lenses worked to a high standard of accuracy....
Minus cylinders only trial lens set....
Medicine Products: