Nursing Home Investors Held Accountable for Mismanagement

MK Editor
  • Hi everyone! Writing to let you know that The Carlyle Group, under pressure after being highlighted in the New York Times a few weeks ago as one of the investment firms guilty of mismanaging a string of nursing homes (see Craig Stoltz's blog on it here), has recently issued a "patients first" pledge.


    According to a story in the Washington Post, written by Thomas Heath, they are vowing to provide state-of-the-art facilities for their patients and proper training for their personnel. Though, they still aren't committing to hiring more staff. One of the biggest accusations against them in the New York Time's story was that they were drastically cutting down staff in order to make a bigger profit for themselves.

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    For the full Washington Post article titled "Under Pressure, Carlyle Issues Patient Promise", click here. For the original story in the New York Times, titled "At Many Homes, More Profit and Less Nursing", go here.

Published On: October 22, 2007