Private equity snaps up disability services, challenging regulators

My father is currently in a long term care facility. He was in that same one for almost 5 years and never had a problem. Last year it was acquired indirectly via a larger group owned by a private equity firm.

This was not a low end place back in 2023. By the end of the last year not only had the cost increased by 30%. Internally there was a number of layoffs and quality shot down. Originally it was supposed to be 1 registered nurse per 4 people. By the end it was 1 "medical professional" per 20 who constantly rotated. Who would not answer if they had formal medical training.

Before at night people could go for walks on the premises, or if they were hungry they could go get hot food prepared by staff. New management locked everyone in at 8pm. If you missed any meal time you were told cope. Food was not allowed in the "suites" anymore. My dad and his friends there would go get together and spend time at night or socialize. Not allowed anymore after 8pm you were locked in your room.

I pulled my father out of there when he told me the above. Now his new retirement home is now also changing ownership.