Bankruptcies, Closures Loom for Nursing Homes Beset by Pandemic

A tough year for nursing homes could well be the last for many facilities.

Experts say a wave of Covid-related closures, bankruptcies, and restructurings could sweep the industry next year, and neither large multistate operators, smaller regional outfits, nor independent, single-site providers would be immune from the fallout.

More than 120 nursing homes have already closed in 2020 and “another 150 or so are at risk for closing in the next few months,” said Mark Parkinson, president and CEO of the American Health Care Association, which represents more than 14,000 nursing homes and long-term care facilities.

Covid-19 has killed ...