Report sounds alarm about private equity’s growing involvement in PACE

Report sounds alarm about private equity’s growing involvement in PACE 
McKnights Home Care; by Adam Healy; 9/24/25 
The Program of All-inclusive Care for the Elderly (PACE), a program funded by Medicare and Medicaid, is an increasingly attractive target for private equity investors. This may be a cause for concern, according to a new report by the Private Equity Stakeholder Project. “Private equity sees PACE as a guaranteed revenue stream, not a care model,” Michael Fenne, report author and PESP’s senior healthcare research coordinator, told McKnight’s Home Care Daily Pulse Wednesday in an email. “The result is that PACE, once a nonprofit-driven model focused on keeping seniors healthy at home, is increasingly being treated as a financial opportunity for investors.”