Illinois bill would require private equity firms to report purchases of disability group homes
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 profits over resident care. The article details how Broadstep, a private equity-owned group home provider, faced a seven-page list of 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 care facilities.
Key quotes
Expired medications. Incomplete background checks. 'Critical incidents,' which may have included medical emergencies and other events that spurred 911 calls, not reported properly.
The bill, which passed the General Assembly this spring with broad bipartisan support, requires facilities for people with intellectual and developmental disabilities to report to the state when they are purchased by an asset management…
By the time Illinois notified group home provider Broadstep two years ago that it was revoking its license, the list of problems documented by state investigators spanned nearly seven pages.
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