IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21693_2.html
   My bibliography  Save this book chapter

Piercing the corporate veil: nursing home ownership in turbulent times

In: Care Homes in a Turbulent Era

Author

Listed:
  • Hugh Armstrong

Abstract

With Covid-19 hitting for-profit nursing homes particularly hard, this chapter focuses on the shift to the private equity (PE) and real estate investment trust (REIT) ownership and operation of them in Canada, and to a lesser extent in Sweden and especially Norway. The increased involvement of PE and REIT makes it more difficult to hold these homes, and the corporations controlling them, to account, as experiences in the US and the UK demonstrate. This chapter closes with discussion of ways in which to reduce and eliminate PE and REIT involvement and more generally for-profit involvement in nursing homes, working to ensure, for example, that their land and buildings are in public hands and that there is full and enforceable transparency of the financial flows among their constituent elements.

Suggested Citation

  • Hugh Armstrong, 2023. "Piercing the corporate veil: nursing home ownership in turbulent times," Chapters, in: Pat Armstrong & Susan Braedley (ed.), Care Homes in a Turbulent Era, chapter 2, pages 19-33, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21693_2
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781803925820.00007
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21693_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.