PE is continuing to acquire — and bankrupt — nursing homes

The document argues that private equity firms continue to acquire US nursing homes despite industry claims to the contrary, with ownership estimates ranging from 5% to 13%. It highlights how profit-driven practices, high debt, and complex ownership structures lead to bankruptcies and degraded care, citing specific cases like LaVie Care Centers and Goldner Capital Management. The report notes that while the Biden administration increased scrutiny, the Trump administration's focus on deregulation shifts the burden of protecting patients and workers to state legislatures.

• Private equity firms continue to acquire skilled nursing facilities in the US, with ownership estimates between 5% and 13%. The author suggests the higher end of this range is more likely due to a lack of transparency in ownership structures.
• Private equity ownership is linked to financial instability and operational risks, including the use of private credit and the monetization of real estate, which reduces funding for staffing and operations.
• Several private equity-owned nursing home entities have filed for bankruptcy in recent years, leading to facility closures and poor patient conditions. Specific examples include LaVie Care Centers/Consulate Health Care (Formation Capital) in 2024, Goldner Capital Management in 2024, and Gulf Coast Health Care (Barrow Street Capital) in 2022.
• The report identifies a shift in the regulatory environment, stating that the Trump administration's priority on deregulation makes federal oversight challenging, suggesting that state legislatures are now the most effective path for enacting protections.

APA

Private Equity Stakeholder Project (2025). PE is continuing to acquire — and bankrupt — nursing homes. https://pestakeholder.org/reports/pe-is-continuing-to-acquire-and-bankrupt-nursing-homes/

Chicago

Private Equity Stakeholder Project. PE is continuing to acquire — and bankrupt — nursing homes. 2025. https://pestakeholder.org/reports/pe-is-continuing-to-acquire-and-bankrupt-nursing-homes/.

Wikipedia

{{cite report |author=Private Equity Stakeholder Project |title=PE is continuing to acquire — and bankrupt — nursing homes |date=23 April 2025 |url=https://pestakeholder.org/reports/pe-is-continuing-to-acquire-and-bankrupt-nursing-homes/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{privateequitystakeholderproject2025continuing, author = {{Private Equity Stakeholder Project}}, title = {{PE is continuing to acquire — and bankrupt — nursing homes}}, institution = {Private Equity Stakeholder Project}, year = {2025}, month = apr, url = {https://pestakeholder.org/reports/pe-is-continuing-to-acquire-and-bankrupt-nursing-homes/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }