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Manor Care buyer puts staffing promises in writing
Bowing to pressure from the Service Employees International Union, investment firm The Carlyle Group has made some written promises regarding staffing, training and investment in its Manor Care subsidiary. Carlyle execs vowed yesterday that they would provide adequate staffing levels and training--as well as making appropriate infrastructure investments--to make sure patients get quality care at Manor Care facilities. They're sending a written promise to this effect to state regulators across the U.S. While some observers have slammed the statement as vague and unenforceable, others suggest that the mere existence of a written pledge represents meaningful progress.
Carlyle recently agreed to pay $6.3 billion to acquire Manor Care, one of the largest U.S. long-term care providers, which has 500 facilities under management. Since that time, however, it's faced very public challenges from the SEIU, which has been working to organize the company's 60,000 employees.
To learn more about Carlyle's promises:
- read this piece in The Washington Post
Related Articles:
Manor Care goes private in $6.3B deal. Report
Genesis HealthCare to go private. Report
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