by Harold Brubaker: For Complete Post, Click Here…
ngd-Financial capitalism at its worst…
Residents fear the loss of a way of life if the facility is sold to Tryko Partners.
A group of Inglis House residents took to the sidewalk in West Philadelphia Friday afternoon to protest the planned sale of the home they deeply appreciate to a for-profit organization from Brick, N.J.
They said they fear the loss of so much they love about the nursing home at 2600 Belmont Ave., which specializes in the care of people with paralysis and impaired mobility. High-quality food, computers, museum visits, music, and shopping trips — things they may not find at other homes that can accommodate their physical needs — are some of the amenities that residents dread losing if the sale happens.
“Now it’s going to change, and not for the better,” said Annette Davis, who has lived there for eight years.
Inglis Foundation announced the sale of Inglis House in July to Tryko Partners, a fast-growing for-profit that already owns 10 facilities in the Philadelphia region. Inglis management said at the time that the nursing home loses so much money that it will eventually jeopardize the entire organization, which also provides community services and develops low-income housing for individuals with disabilities who don’t need nursing-home levels of care.
A contentious issue is the Inglis Foundation’s $240 million endowment. Management says only a slice of it is restricted to the nursing home and will continue to support the nursing home after the sale.
