It does by the fact that private equities are purely financial institutions with massive economic and legal leeway, able to buy all the nursing homes. From a ma

It does by the fact that private equities are purely financial institutions with massive economic and legal leeway, able to buy all the nursing homes. From a market perspective that already creates a distortion, which is the point of the article i linked. On top of that, financialization is counter to the social aspects of nursing home. Support or quality of life improvements of their users is marked as expenses, while from a social perspective they are gains. Furthermore the service is not very elastic as many people just do not have an alternative but to require nursing home services. The alternative being they load working age relatives, externalizing the costs. In many countries to open a company you set it up as a social contract, where society allows you to open a business because it believes it improves society. If it does not, it will not take long for the law or lawmakers to come after you. That seems to be the case.