private equity firms

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Nursing Homes Raise Profits, Cut Care

Private equity firms buying up, stripping down facilities

(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 money by cutting nurses,”... More »

Private-Equity $$ Flow to GOP

Firms shift money as Dems back higher taxes on industry

(Newser) - As Democrats push higher taxes for private-equity firms, the firms are reciprocating by  funneling more money to the other side of the aisle, the Wall Street Journal reports. Figures for 2008 presidential campaign giving show GOP contenders receiving 53% of donations made by private-equity funds. In 2000 and 2004, Democrats... More »

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