The nursing home and assisted living industry has rapidly changed over the past several decades. One of the most significant trends is that big nursing home companies are expanding even further by purchasing other nursing homes, rehab facilities and assisted living facilities. Another trend is that large private equity investment companies and Real Estate Investment Trusts (“REITs”) developed a keen interest in the nursing home industry and started making large investments in long term care facilities, especially in their buildings and land due to the potential for lucrative rent payments from the facility operators. This has had the effect of making these investors the owners of some of the biggest nursing home chains, with tens of thousands of employees.
These investment groups are often far removed from the real care at the facility level, and remain focused on the financial bottom line and driven by profits without a realistic link to the quality of care at their nursing homes and assisted living facilities. Unfortunately, the motivation for large nursing home companies to keep expanding and for investment groups to direct large sums of money to the nursing home industry is not always to provide as many people as possible with quality care. Instead, these companies and investors are often driven by profits. Senior housing can be enormously profitable, and these massive companies and the investment groups behind them are sharp. They know where the money is, and they know how to maximize it for their own benefit.
If your loved one has severe bedsores or is suffering from infections caused by pressure ulcers
If your loved one contracted a severe or fatal infection due to the negligence of a nursing home
Arrange a case evaluation with a North Carolina malnutrition and dehydration lawyer
If your loved one is a victim of nursing home overmedication or a medication error
If you suspect that your loved one’s nursing home failed to protect them from sexual abuse of any kind
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