Sick capitalism
Washington Monthly, Nov, 2007 by Charles Peters
That kind of greed has been demonstrated in what has happened to the nation's nursing homes. Nursing homes began as something that a nice lady who had inherited a big house but little income did to make ends meet and do good at the same time: taking elderly neighbors into her home and providing them loving care for a modest fee.
Now these homes are owned by large corporations to whom profit is more important than the quality of care. Habana Health Care Center, in Tampa, Florida, was purchased in 2002, one of the thousands of nursing homes bought in recent years by large private investment firms like Warburg Pincus and the Carlyle Group. Habana created a "hellhole," Vivian Hewitt told the New York Times after her mother died when "a large bedsore became infected with feces."
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