A private equity-owned chain aims to use the bankruptcy process to avoid obligations to residents and workers.

Senator Elizabeth Warren (D-Mass) is set to reintroduce the Corporate Crimes in Health Care Act — legislation that authorizes criminal and civil penalties for private equity owners of healthcare organizations when their actions cause the injury or death of patients under their care. It is the toughest legislation to date designed to curb the worst excesses of Wall Street owners in healthcare.

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