Real Estate Investors Buying Long-Term Care Facilities Linked to Resident Suffering
An investigative report by KFF Health News, published on NPR, reveals how real estate investment trusts (REITs) are increasingly acquiring long-term care facilities, including nursing homes and assisted living centers. While these REITs act as landlords and often select management companies, they frequently deny responsibility for poor care standards. The article highlights the case of Leslie Adams, whose mother, Shirley, died from infected bedsores at a rehabilitation center. Although a court awarded his family $17 million in damages, they struggle to collect the compensation. The investigation suggests that the financial structures employed by these corporate landlords can negatively impact resident safety and care quality. By prioritizing profits and maintaining distance from daily operations, these entities may contribute to systemic neglect. The report underscores the complex relationship between property ownership, management accountability, and patient outcomes in the healthcare sector, raising concerns about the privatization and financialization of essential elder care services in the United States.
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Real Estate Investors Buying Long-Term Care Facilities Linked to Resident Suffering
An investigative report by KFF Health News, published on NPR, reveals how real estate investment trusts (REITs) are increasingly acquiring long-term care facilities, including nursing homes and assisted living centers. While these REITs act as landlords and often select management companies, they frequently deny responsibility for poor care standards. The article highlights the case of Leslie Adams, whose mother, Shirley, died from infected bedsores at a rehabilitation center. Although a court awarded his family $17 million in damages, they struggle to collect the compensation. The investigation suggests that the financial structures employed by these corporate landlords can negatively impact resident safety and care quality. By prioritizing profits and maintaining distance from daily operations, these entities may contribute to systemic neglect. The report underscores the complex relationship between property ownership, management accountability, and patient outcomes in the healthcare sector, raising concerns about the privatization and financialization of essential elder care services in the United States.
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