This is a chain of retirement homes, they are not nursing homes, nursing homes are government funded. Assisted living services (which fall somewhere in between) are supported by gov't subsidies for those who financially can't afford to pay the full cost. This is better than putting them in a fully gov't funded nursing home and keeps scarce space for those who need a higher level of care.

The family that is selling this chain got into this business to make money, it wasn't for charity and I'm sure they made lots of money from it or nobody would be paying significant money to buy it from them now.

Every province has regulations on how retirement homes are run and facilities are regularly inspected.  If anything bad is happening with regard to the care of residents, it's a failure of a provincial government to properly inspect and regulate regardless of who the owns homes.

I'm not for or against this transaction, but I'm against people using this to score political points.