“The for-profit sector isn’t one sector. It never has been, really. Instead, it’s a wild mix of large chains, family-run companies and a new breed of equity-backed turnaround projects targeted for hefty returns.”
A lengthy but informative item from Richard Warnica Business Feature Writer, Toronto Star, Tue., Jan. 26, 2021
“Long-term-care home residents in Ontario are older on average now than they’ve ever been. They’re sicker, too. The complexity of their needs means every long-term-care home is also essentially an acute-care facility. And many Canadians are just uncomfortable with the idea of commerce being involved in that world.” Read in full at….
The Star Source: The problem with profits: As Ontario’s long-term-care homes stagger under a COVID death toll of more than 3,000, some say it’s time to shut down for-profit homes for good | The Star