{"product_id":"financialization-of-the-us-nursing-laura-katz-olson-9781421456133","title":"Financialization of the Us Nursing Home Industry: Profiteering and Patient Neglect","description":"\u003cp\u003e\u003cb\u003eHow financial profiteering has reshaped long-term care and jeopardized the well-being of nursing home residents.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eNursing homes care for some of the nation's most vulnerable citizens. They are also increasingly controlled by financial actors whose priorities lie far from the bedside. In Financialization of the US Nursing Home Industry, Laura Katz Olson and Michael K. Gusmano examine how for-profit companies--and increasingly private equity firms and real estate investment trusts (REITs) with complex ownership structures--have transformed long-term care into a vehicle for profit extraction.\u003c\/p\u003e\u003cp\u003eDrawing on extensive case studies of major chains and mid-sized operators, the authors trace the industry's consolidation over decades and document how financial engineering--asset stripping, related-party transactions, real estate manipulation, and deliberate labor cost cutting--has reshaped nursing home operations. Chronic understaffing, declining care quality, opaque ownership arrangements, and repeated bankruptcies plague a system designed to maximize returns. The book places these developments in historical and policy context, showing how federal and state government policies enabled substandard conditions even as public funds--primarily Medicare and Medicaid--now supply roughly three-quarters of industry revenue. The COVID-19 pandemic exposed long-standing systemic obstacles to decent care, revealing how financial priorities can have deadly consequences for residents and frontline caregivers alike.\u003c\/p\u003e\u003cp\u003eThis essential book offers scholars, policymakers, students, and advocates a comprehensive account of how the nursing home industry works--or doesn't work--and why meaningful reform will require structural change. Care for powerless older people, the authors argue, must be treated as a public responsibility rather than a private investment strategy.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Laura Katz Olson,Michael K. Gusmano\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1421456133\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781421456133\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Johns Hopkins University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/01\/2026\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.82d","brand":"Laura Katz Olson","offers":[{"title":"Hardcover","offer_id":48852735099135,"sku":"9781421456133","price":39.95,"currency_code":"USD","in_stock":false}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/financialization-of-the-us-nursing-laura-katz-olson-9781421456133","provider":"WR Book House","version":"1.0","type":"link"}