Emeritus, for its part, rejects any suggestion that a quest for
profits has tainted its admission practices. But in interviews, former
Emeritus executives described a corporate culture that often emphasized
cash flow above all else. The accounts of the executives, who spoke
independently but anonymously, were strikingly consistent.
“It was completely focused on numbers and not human lives,” said one
executive, who worked for Emeritus for more than three years and oversaw
dozens of facilities in Eastern states.
The company’s emphasis on sales and occupancy rates, the executive
said, transformed the workforce into “a group of people who were
grasping at every single lever they could pull to drive profitability.”
http://www.alternet.org/seniors-paying-7125-month-be-neglected-what-happened-when-wall-street-got-involved-assisted-living?akid=11431.294211._kZsH-&rd=1&src=newsletter950403&t=4
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