They Took the Money. They Buried the Residents. They Filed in Texas. They're Back Under a New Name. And the new name may not legally exist.

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Private equity cannot continue to invest in nursing homes and care centers without states improving guardrails. One way to do that is for state legislatures to require private equity to post a surety bond, the legislature specifying the dollar amount and the bond language, to best protect the public before the acquisition.

Journalist, ST BADHON wrote more about this in his Substack article (Click the Link):

"The statute has to specify automatic forfeiture triggers — missed rent, downgraded credit ratings, regulatory citation patterns, staffing-ratio violations — and the funds have to flow directly to a public trust that pays families, staff, and the cost of state takeover. No interpretation. No litigation over whether a triggering event occurred."