SEIU Calls on Carlyle to Disclose Impact of Major Health Care Acquisition
The SEIU demonstrated outside the Washington DC headquarters of the Carlyle Group - the largest global private equity fund - to demand full disclosure of the impact of the fund's pending USD 6.3 billion acquisition of the nursing home and health care provider Manor Care.
"Carlyle has not said how Manor Care workers will be affected and whether there will be wage and benefit changes," a union spokesperson told the Washingto Post. According to the paper, the demonstrators "were unsuccessful in delivering a list of demands to Carlyle executives, including assurances that Carlyle would disclose how planned changes might affect nursing-home workers, residents and taxpayers in each of the states where Manor Care does business. Security personnel at Carlyle's headquarters on Pennsylvania Avenue NW denied them admission to the company's offices, and no one from Carlyle would agree to meet with the union."
"When our portfolio company customers are well served, our investors are as well," Carlyle spokesman Christopher Ullman said in a statement.