The Grim Post-COVID-19 Future For Nursing Homes
Posted on AllSides May 5th, 2020
From The Center
ANALYSIS
Someday, most of us will return to life before COVID-19. Nursing homes will not.
The deaths of more than 16,000 of their residents from COVID-19 has profoundly disrupted senior living facilities—especially nursing homes— and will drive historic change in the industry. Robert Kramer, president of the consulting firm Nexus Insights and a long-time observer of nursing home finances, told me, “There never will come a time when we will return to the old normal.”
Operators are being crushed by higher costs and shrinking revenues. The values of publicly-traded nursing home...
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AllSides Media Bias Rating: Center
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