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John Schwarzkopf's avatar

I've been watching PE for some years now and in 100% of things they've touched they've turned a successful company into shit. Every time. I defy anyone to prove me wrong. The nursing home industry hits very close to ho.e for me. My Mom lived to be 103. She lived independently in an assisted living facility until she was 101, then medically was forced to move to a nursing home. Of course it was owned by PE. Fortunately my sister lived in the same city and I was her POA and had a background as a contractor specializing in handicap accessibility. Between us and the Ombudsman for Medicaid in WA we made them toe the line. But even so the quality of care sucked ass. I can't imagine what the patients who didn't have 2 people like us advocating for them were getting for care. Private equity is like Donold Trump. Everything it touches dies.

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Malea Copeland's avatar

Thank you for this but how in the hell can we stop it? I'm feeling defeated right now.

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