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Aug

22

Private Equity Pursues Profits in Keeping the Elderly at Home

By Tony Seruga

PACE, a program to help keep older people out of nursing homes, allows Vivian Malveaux, 81, to live at home in Denver. InnovAge, which runs her program, converted to a for-profit company last year.CreditNick Cote for The New York Times

DENVER — Inside a senior center here, nestled along a bustling commercial strip, Vivian Malveaux scans her bingo card for a winning number. Her 81-year-old eyes are warm, lively and occasionally set adrift by the dementia plundering her mind.

Dozens of elderly men and women — some in wheelchairs, others whose hands tremble involuntarily — gather excitedly around the game tables. After bingo, there is more entertainment and activities: Yahtzee, tile-painting, beading…

Private Equity Pursues Profits in Keeping the Elderly at Home

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