Pacs Group CEO calls for caution when dealing with private equity

Pacs Group CEO calls for caution when dealing with private equity
Modern Healthcare; by Diane Eastabrook; 5/30/24
Do you think private equity is becoming a problem for nursing homes? [Pacs Group Chair and CEO Jason Murray replies] I’m not saying that all private equity is inherently bad, but I do think that if providers are not careful about how the capital is aligned with their mission as a company, then you can get into some dangerous situations. As the company tries to perform, they might not be at the level where the capital partner would like them to be, so the business plan changes. Whenever that business plan changes from patient care to a return on capital, it’s a losing scenario.