GAO Issues Report on Private Investment Purchases of Nursing Homes

On October 27, 2010, the Government Accountability Office (GAO) released its report entitled Nursing Homes: Complexity of Private Investment Purchases Demonstrates Need for CMS to Improve the Usability and Completeness of Ownership Data (the Report). The Report, stemming from an inquiry by lawmakers after a 2007 New York Times article on nursing homes owned by private investment firms, summarizes the GAO’s findings on nursing home ownership structures and transparency of ownership information.

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