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Report to Detail How Manor Care Buyout by The Carlyle Group Could Hamper Care for Florida Nursing Home Residents
Date:11/6/2007

when the parent companies are bought out by private equity

firms. The Times found that among other concerns there have

been serious quality of care deficiencies and staffing cuts,

sometimes below federally recommended levels.

HCR Manor Care, based in Toledo, Ohio, is the largest nursing home provider in the country, with more than 37,000 resident beds nationwide and $3.6 billion in annual revenue. With more than $71 billion in assets under management, the Carlyle Group is one of the five largest corporate buyout firms in the nation. Carlyle is taking over Manor Care in a leveraged buyout deal worth $6.3 billion.


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SOURCE SEIU Florida Healthcare
Copyright©2007 PR Newswire.
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