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Nursing Homes Raise Profits, Cut Care

Private equity firms buying up, stripping down facilities

By Kevin Spak,  Newser Staff

Posted Sep 23, 2007 5:04 PM CDT

(Newser) – Caring for grandma has become big business for private firms that are buying nursing homes and making them profit generators. But to do it, they’ve severely cut staff—sometimes below legal levels, the New York Times found. “Chains have made a lot of...   Read full story »

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