Thursday, 28 August 2014
Last updated 3 hours ago
Oct 15 2007 | 7:58am ET
Ohio officials are worried that the Carlyle Group’s proposed takeover of a troubled nursing home company will condemn them to further problems.
Carlyle has agreed to pay $6.3 billion for HCR Manor Care, which runs 44 nursing homes in Ohio. HCR shareholders are set to vote on the deal on Wednesday. It would be the private equity giant’s first nursing home purchase.
“These are not the kind of nursing homes that they can just take over and keep the status quo,” Beverly Laubert of the Ohio Department of Aging told the Akron Beacon Journal. “When you have facilities with such quality problems, someone is going to have to fix them.”
HCR has been accused of failing to provide adequate care and understaffing, although the firm disputes claims that the problems are widespread. Further, HCR said staffing levels would not be cut under Carlyle’s leadership.
“We provide quality care, and we will continue to provide excellent care,” Carlyle spokesman Chris Ullman said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...