On August 15, 2011, the U.S. Government Accountability Office (GAO) published
its July 2011 report entitled Nursing Homes: Private Investment Homes
Sometimes Differed from Others in Deficiencies, Staffing, and Financial Performance.
This report follows a September 2010 report to investigate the extent
of nursing home purchases by private investment (PI) firms, after the acquisition
of several large nursing home chains by PI firms triggered concerns about
whether quality of care would be adversely affected by the lack of financial
transparency and business strategies of PI firms, which was covered in a previous
AGG Client Alert (to access, please click here).
Click the link below to read the full alert.