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Senior, Nursing Homes Rocked By Covid Costs Struggle to Escape Closure


That’s a huge difference from the strongest financially performing nursing homes that saw up to 10% returns before the pandemic, said John Tishler, who specializes in transactions involving distressed and bankrupt health-care facilities at Nashville law firm Waller Lansden Dortch & Davis. The pandemic revealed and amplified long-existing shortcomings at the more than 15,000 nursing homes in the US, such as inadequate staffing, poor infection control and regulatory failures, according to an April report from the National Academy of Sciences. As of last month, more than 150,000 nursing home residents and 2,362 workers had died from Covid-19, according to the Centers for Medicare and Medicaid.

Bloomberg - May 22, 2022

View the full story here: https://www.bloomberg.com/news/articles/2022-05-19/senior-nursing-homes-rocked-by-covid-costs-struggle-to-escape-closure