Despite private equity owning only an estimated 5% of the nursing home industry, its high-profile problems in the sector have made it a bogeyman to politicians and the public.
The challenge with investing behind the status quo? “Right now the real estate component is so separate from the health care component,” Welsh, Carson, Anderson & Stowe vice president Ann Hickey says.
The challenge is figuring out how to orchestrate more offerings around the nursing home, Advent International managing director Carmine Petrone adds. “They're hard to staff, and you need high occupancy rates to create real operating income that you could then use to invest behind some of these other initiatives.
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