Firm News
Law360 Quotes Jayne Juvan on Private Equity Ownership in Nursing Homes
March 1, 2022
Firm News
Law360 Quotes Jayne Juvan on Private Equity Ownership in Nursing Homes
March 1, 2022
On March 1, Jayne Juvan was quoted in Law360 on President Biden’s State of the Union address, where he highlighted concerns that private equity ownership of nursing homes results in a lower quality of care.
Law360 said, “Not everyone agrees that private equity ownership of nursing homes is inherently bad. Jayne Juvan, a partner at Tucker Ellis LLP who serves as chair of the firm’s M&A and securities and capital markets practice groups, told Law360 that the health care private equity firms she has represented ‘hold themselves to high standards concerning staffing, patient care and patient outcomes.'”
Jayne went on to say that private equity firms often take over struggling facilities in order to revitalize them by investing in new technologies; collaborating with health care leaders, experts, and former regulators; and putting some of them on their boards or payrolls to provide day-to-day oversight.
“Many health care private equity firms have proven time and again that they are able to exceed standards, while at the same time phasing out inefficiencies — concepts that are not mutually exclusive and result in improved care in a manner that reduces costs, thereby benefiting the system as a whole,” she said.
Read the Law360 article here.