The recent surge of Covid-19 infections and a confluence of other factors may end up forcing more nursing homes into bankruptcy court over the next several months.
Nursing homes’ vulnerable patient population bore the brunt of infections and deaths from Covid-19 in its early days. Since then, nursing homes have continued to suffer a disproportionate barrage of pandemic-related crises that do not appear to be letting up.
Now, in addition to the virus, nursing homes are facing a financial crisis brought on by the end of emergency government support, low occupancy, staffing shortages, and rising costs. While the rate of ...
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