Illinois bill would require disability group homes to disclose private equity ownership to state regulators

Summary

An Illinois bill awaiting Governor Pritzker's approval would require group homes for people with intellectual and developmental disabilities to report to the state when purchased by private equity or asset management firms. The legislation, which passed with broad bipartisan support, comes amid concerns that private equity ownership prioritizes cost-cutting over resident care. The article details how Broadstep, a private equity-owned provider, faced extensive licensing violations including expired medications, incomplete background checks, and unreported critical incidents. The bill aims to increase transparency and oversight as private equity firms increasingly acquire disability service providers.

Source

bskyIllinois bill would require disability group homes to disclose private equity ownership to state regulatorschicagotribune.com