Ilmarinen threatens to pull out of scandal-struck nursing home

Pension fund Ilmarinen is warning it may pull out of nursing home chain Esperi Care, whose operations in one nursing home were suspended last week due to a neglect-related death.

This picture does not stem from Esperi Care. It's a genre illustrational picture | Photo: Polfoto Ditte Valente

Finnish mutual pensions firm Ilmarinen has announced it will pull out of its 4.4 percent investment in nursing home chain Esperi Care if the company does not make changes to its operations.

The announcement comes after the National Supervisory Authority for Welfare and Health (Valvira) announced it would suspend operations in one of the chain's nursing homes.

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