BAUCUS, GRASSLEY, STARK RELEASE GAO REPORT SHOWING NEED FOR TRANSPARENCY IN NURSING HOME OWNERSHIP

Washington, DC – October 28, 2010 – (RealEstateRama) — Senate Finance Committee Chairman Max Baucus (D-Mont.), Ranking Member Chuck Grassley (R-Iowa), and House Ways and Means Subcommittee on Health Chairman Pete Stark (D-CA) released a new Government Accountability Office (GAO) report today on the need for greater transparency regarding companies’ ownership of nursing homes. Baucus, Grassley and Stark requested the report, titled “Complexity of Private Investment Purchases Demonstrates Need for CMS to Improve the Usability and Completeness of Ownership Data.”