Private equity in senior living an increasing focus of federal, state government

Private equity in senior living an increasing focus of federal, state government 
McKnights Senior Living; by Kimberly Bonvissuto, Lois A. Bowers and Kathleen Steele Gaivin; 10/7/24 
At press time [10/7], a bill that would require private equity firms and hedge fund organizations in California to give prior notice of acquisitions or changes in control to the state’s attorney general was sitting on the governor’s desk, to become effective Jan. 1 if he signed it into law. It is just one example of legislation recently put forth at the state or national level focused on the private equity and real estate investment trust funding sometimes used in senior living and in other industries. ... The legislation calls for greater transparency for private equity firms and for-profit companies that own healthcare entities, including nursing homes, hospitals, and mental or behavioral health facilities. ...