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Congress is renewing its scrutiny of the nursing home industry, arguing there is a lack of transparency around the ownership and finances of chains, especially those owned by private equity.
About 40% of COVID-19 deaths in the U.S. occurred in nursing homes, partly due to the nature of congregate settings that make it hard to control the spread of infections. But Democrats want more information about the roles private equity and chain ownership of nursing homes plays in patient outcomes, pointing to studies that show more deaths and worse care in facilities owned by investors. We need better information about nursing home ownership and strong enforcement of nursing home quality standards, Sen. Elizabeth Warren (D-Mass.), a critic of private equity, told Modern Healthcare. This is why I intend to re-open my investigation of private equity-owned nursing homes so we can make progress on these issues.
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