Who Wins, Who Loses?

The Impact of the Carlyle Group’s Buyout of HCR ManorCare

The private equity firm Carlyle Group is in the process of taking over HCR ManorCare, one of the largest nursing home providers in the country with more than 37,000 resident beds.

The buyout raises serious concerns for staff trying to provide quality care and for the residents who may suffer as Carlyle Group, management and their bankers pay themselves millions while saddling ManorCare—a company that already has a record of failing to provide all its residents with quality care—with billions more in debt.