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Literature DB >> 29161948

What Happens to a Nursing Home Chain When Private Equity Takes Over? A Longitudinal Case Study.

Abstract

We analyzed what happens to a nursing home chain when private equity takes over, with regard to strategy, financial performance, and resident well-being. We conducted a longitudinal (2000-2012) case study of a large nursing home chain that triangulated qualitative and quantitative data from 5 different data sources. Results show that private equity owners continued and reinforced several strategies that were already put in place before the takeover, including a focus on keeping staffing levels low; the new owners added restructuring, rebranding, and investment strategies such as establishing new companies, where the nursing home chain served as an essential "launch customer."

Entities: Chemical Disease Gene Species

Keywords: care quality; nursing homes; private equity; staffing; strategy

Mesh：

Year: 2017 PMID： 29161948 PMCID： PMC5798733 DOI： 10.1177/0046958017742761

Source DB: PubMed Journal: Inquiry ISSN： 0046-9580 Impact factor: 1.730

16 in total

Review 1. Nursing home profit status and quality of care: is there any evidence of an association?

Authors: Michael P Hillmer; Walter P Wodchis; Sudeep S Gill; Geoffrey M Anderson; Paula A Rochon
Journal: Med Care Res Rev Date: 2005-04 Impact factor: 3.929

2. Medicare payment changes and nursing home quality: effects on long-stay residents.

Authors: R Tamara Konetzka; Edward C Norton; Sally C Stearns
Journal: Int J Health Care Finance Econ Date: 2006-10-03

3. Does quality of care lead to better financial performance?: the case of the nursing home industry.

Authors: Robert Weech-Maldonado; Gerald Neff; Vince Mor
Journal: Health Care Manage Rev Date: 2003 Jul-Sep

4. Private equity investment in health care services.

Authors: Catherine J Robbins; Todd Rudsenske; James S Vaughan
Journal: Health Aff (Millwood) Date: 2008 Sep-Oct Impact factor: 6.301

5. Private equity investment and nursing home care: is it a big deal?

Authors: David G Stevenson; David C Grabowski
Journal: Health Aff (Millwood) Date: 2008 Sep-Oct Impact factor: 6.301

6. Shareholder value and the performance of a large nursing home chain.

Authors: Martin Kitchener; Janis O'Meara; Ab Brody; Hyang Yuol Lee; Charlene Harrington
Journal: Health Serv Res Date: 2007-12-20 Impact factor: 3.402

7. Hidden Owners, Hidden Profits, and Poor Nursing Home Care: A Case Study.

Authors: Charlene Harrington; Leslie Ross; Taewoon Kang
Journal: Int J Health Serv Date: 2015-07-09 Impact factor: 1.663

8. Nursing home ownership trends and their impacts on quality of care: a study using detailed ownership data from Texas.

Authors: David G Stevenson; Jeffrey S Bramson; David C Grabowski
Journal: J Aging Soc Policy Date: 2013

9. The Need for Higher Minimum Staffing Standards in U.S. Nursing Homes.

Authors: Charlene Harrington; John F Schnelle; Margaret McGregor; Sandra F Simmons
Journal: Health Serv Insights Date: 2016-04-12

10. Marketization in Long-Term Care: A Cross-Country Comparison of Large For-Profit Nursing Home Chains.

Authors: Charlene Harrington; Frode F Jacobsen; Justin Panos; Allyson Pollock; Shailen Sutaria; Marta Szebehely
Journal: Health Serv Insights Date: 2017-06-08

4 in total

1. Association of Private Equity Investment in US Nursing Homes With the Quality and Cost of Care for Long-Stay Residents.

Authors: Robert Tyler Braun; Hye-Young Jung; Lawrence P Casalino; Zachary Myslinski; Mark Aaron Unruh
Journal: JAMA Health Forum Date: 2021-11-19