Layers of Ownership

Formation Properties purchases the Habana Healthcare Center and 48 other Florida nursing homes in 2002 and contracted with executives backed by Warburg Pincus to manage the facilities. Those executives created a complex corporate structure around each nursing home. As a result, many profits were shielded from lawsuits.

Listen to reporter Charles Duhigg explaining the complicated structure of the Habana Health Care nursing home and its facilities.

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