(Newser) – American society is in the early stages of a "silver tsunami," with adults over 65 expected to outnumber children by 2035. Demand for nursing homes will surge, as will revenues for those who operate such facilities, writes Yasmin Rafiei for the New Yorker. It's an irresistible business opportunity for private equity groups and other for-profit companies, which collectively own about 70% of nursing homes. Many states have lax standards, and federal staffing requirements for such facilities are set at one registered nurse during the day and one licensed practical nurse in the evening, regardless of the number of residents.

https://www.newser.com/story/324714/private-equity-nursing-homes-make-lousy-bedfellows.html

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