Recent Articles

by Cami Koons, Iowa Capital Dispatch
January 13, 2025

The U.S. Environmental Protection Agency affirmed its November decision to add seven additional segments to Iowa’s list of impaired waters, following a public comment period. 

EPA announced in November it had partially approved the Iowa Department of Natural Resources’ assessment of surface water quality in the state and called for the inclusion of additional segments on the Cedar, Des Moines, Iowa and South Skunk rivers, based on measured levels of nitrate.

Per EPA documentation, a vast majority of the public comments submitted were in favor of the EPA decision. DNR, which monitors and compiles the impaired waters list every two years, per the Clean Water Act, called EPA’s assessment “illegal” since nitrate is not officially listed as a “toxic pollutant” under the Clean Water Act.

by Allison Kite, Iowa Capital Dispatch
December 6, 2024

Major institutional investors have artificially lowered coal production and raised energy costs for consumers in an effort to lower global carbon emissions, a federal lawsuit claims.

Republican attorneys general in 11 states – including Iowa's Attorney General Breana Bird – filed a joint lawsuit last month against BlackRock, Vanguard and State Street, claiming the organizations’ efforts to pressure coal companies to lower carbon emissions and respond to climate change amount to anti-competitive business practices.

All three companies, the lawsuit says, have acquired significant shares in the largest publicly traded coal companies to coerce their management.

Iowa Capital Dispatch
October 21, 2024

The sale of one of Iowa’s largest nursing home chains has reportedly been completed, with 29 care facilities now in the hands of a private equity firm.

According to Skilled Nursing News, the real estate brokerage firm of Marcus & Millichap says the $85 million transaction represents the largest nursing home sale ever recorded in Iowa. The 29 facilities represent 7% of the 410 nursing homes operating in Iowa.

The sale involves the transfer of care facilities previously owned by one of Iowa’s largest employers, ABCM Corp. of Hampton, to the Chicago-based private equity firm Cascade Capital Group.

According to a statement that Marcus & Millichap provided Skilled Nursing News, the final sale price of $85 million equates to $36,000 for each of ABCM’s 2,346 skilled-nursing beds and 326 assisted living units.

In recent years, the acquisition of nursing homes by private equity investors has come under scrutiny by regulators, the media and members of Congress, with critics suggesting too many profit-minded investors target care facilities for acquisition, starve them of cash while collecting a reliable stream of income from Medicare, and then cash out.