NYRB: "Since the mid-Aughts private equity firms like Blackstone, Bain Capital, and KKR have been investing heavily in nursing homes, assisted living facilities, hospices, retirement communities, and hospitals. Today 22 percent of all for-profit hospitals are owned by private equity forms. The number of nursing homes and retirement communities owned by private equity is unclear because they are usually held as part of a real estate income trust alongside multifamily housing, student dorms, trailer parks, and storage unites, but its estimated to be between 5 and 13 percent of nursing homes, and over 150,000 senior housing units. The results are unequivocal: in the two to three years after a nursing home is acquired by a privte equity firm, staffing levels decline, equipment and supplies get cut, and short-term mortality increases by about 10 percent."