Profit and pain: How California’s largest nursing home chain amassed millions as scrutiny mounted - News Summed Up

Profit and pain: How California’s largest nursing home chain amassed millions as scrutiny mounted


He quit in 2018 after 14 months, saying he had little control over the quality of care in the nursing homes. Rechnitz said the company helps his nursing homes with bank loans, profit and loss statements, and other financial matters. “If a [director of nursing] needs more nursing, they get more nursing, and none of them have ever been chastised or penalized or criticized for having too much nursing,” Rechnitz said. “I changed the way people were operating nursing homes,” Rechnitz told The Post. It’s impossible to determine profits or losses for any of the related companies or holding companies from the public record.


Source: Washington Post December 31, 2020 21:31 UTC



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