Database for showing nursing home ownership has gaps, report says

"As Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up. That ends on my watch," Biden said.Only seven of the 13 private equity firms Public Citizen identified as owning nursing homes are listed in the federal database.for alleged questionable care practices, is nowhere to be found in the database, despite owning 136 nursing homes, according to Public Citizen.

It's important to know who owns these nursing homes in order to hold companies accountable, said Taylor Lincoln, research director for Public Citizen and lead report author. "Nursing homes that I looked at owned by private equity firms aren't disclosing their owners in a comprehensive manner. The data is no good."Democratic members of the House Ways and Means Committee, who requested the reports, could pick up the issue next Congress. The Biden administration could also take further steps to enforce transparency via new regulations, said Lincoln.

Shocked that PE would run companies into the ground in attempts to squeeze the profit out of them.

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