.. A number of witnesses at hearings of the House Ways and Means subcommittee on Health and the Senate Special Committee on Aging on Thursday testified that the growing trend of private equity firms buy nursing home chains lowers quality and for state and federal regulators to hold more difficult the business is responsible for substandard care, CQ HealthBeat reports. Arvid Muller, associate director of research for the Service Employees International Union, testified in the House hearing that the private equity business model aims at extreme profit at the expense of the residents, their families, caregivers and taxpayers do, adding, Private equity firms restructure nursing homes to maximize the profit, but end up creating a labyrinth of control and ownership, which makes it , care homes and, care homes and private equity companies are responsible for providing quality care.
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The check was given by the Academy of Medical Royal Colleges The review is funded by the Department of Health. The review will be performed by the NCCMH.