A 74-year-old woman believed to have died while in hospice care was found to be breathing after being transported to a funeral home, authorities in Nebraska said Monday.
The woman had been transported from a nursing home, where she had been declared dead at around 9:44 a.m. local time, to the Butherus-Maser & Love Funeral Home in Lincoln on Monday morning, according to the Lancaster County Sheriff’s Office.
Authorities responded to the funeral home after an employee noticed the woman was breathing and “instantly called 911” at approximately 11:44 a.m., according to Lancaster County Chief Deputy Ben Houchin.
Nursing homes and the entire home care industry have been thoroughly ransacked by private equity.
And what’s even more pernicious about this case of corporate raiding, is that the public actually believes the lie that these industries and businesses are not profitable.
They are highly profitable, but all the funds are siphoned off and legally embezzled the way private equity always does: exhorbanant consulting fees and switching the vendors and suppliers to their own companies, and jacking up the rates they charge themselves.
And that’s before you even get into the favorable legislation they purchase through donations, and the refusal to adequately staff the companies.
https://www.levernews.com/how-wall-street-profits-off-of-the-sick-and-elderly-private-equity-nursing-homes/
I am sadly all too aware of the effect of PE firms on these institutions. They destroy everything they touch.