An actually good piece in American Prospect:
The biggest nursing home chain in America quietly changed hands earlier this month, in a little-noticed deal that underscores just about everything that is rotten about America’s elder care system.
Genesis HealthCare and its 350 facilities are now in the hands of a documented serial liar with a history of conning his way into nursing home takeovers, then evicting the patients and flipping the real estate to luxury condo developers. His name is Joel Landau, and he pulled off exactly this feat with a nursing home on the Lower East Side of Manhattan in 2016, walking away with a $72 million profit after orchestrating an improbably elaborate campaign to convince a battalion of city and state officials that lifting a deed restriction that required the property to house a public health care facility was the only way to preserve the building as a public health care facility.
It’s possible to read it as all being the fault of The Joos. But in this particular instance, if it’s anything at all like the similar scandal 50 years ago in New York, that would be fair comment. Not Them, so much as some who happen to be.
It’s also far too against private equity and doesn’t delve enough into the appalling state government operation of the bits it can and should control. This is very much more about private operators taking advantage of a river of state cash than anything else.
And yet – it is true that something stinks here. And this piece is at least part of that story about what does.