It's the time of the vultures.... when the blood runs hot. The hedge fund Bushies have no culture, and they don't care if you rot....The Carlyle group.... Chiseling the Seniors....Tell you why- they really need the cash! It's the time of the season for scandal....!
And of course there are Bush family connections...These vultures and creeps have no business taking over Manor Health, to chisel senior citizens. Acording to the financial press of July 3rd, Manor which has more than 500 nursing homes and rehabilitation centers, assisted living facilities, outpatient rehabilitation clinics and hospice and home care agencies announced that it has accepted the Carlyle take over bid.
It seems that the continued existence of Manor's clients is an obstacle, because part of the prime buy-out booty is the owned real estate that the nursing homes sit on. The Carlyle group is literally borrowing against the property to steal the company and the loot.
Fortune online, describes it as an all cash transaction valued at about 6.3 billion. According to Fortune, the acquisition will be financed through a combination of commercial mortgage-backed securities, other debt financing and equity provided by Carlyle. Manor's financial advisor is JP Morgan.
According to the Wall Street Journal account, the latest in a series of nursing-home transactions, was driven by its attractive real estate portfolio; since Manor owns, rather than leases most of its 500 facilities in 30 states, clearly indicating Manor's prime looting potential. The deal, the Journal reports, involves borrowing against the property to finance the buyout. The Journal reports that another aspect that makes Manor an "attractive" acquisition is that about 73% of its revenue comes from "higher-paying Medicare and private-pay patients, compared with as little as 53% at some competitors". See June 29th article "BAE, Baroness Symons In Black Operations Against LaRouche" on the LaRouche Pac website for the Bush Family Carlyle Group connections to the unfolding BAE scandal.
Wednesday, July 4
Time of the Financial Vultures
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