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 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

Published by Residential Forum

The Residential Forum is to promote the achievement of high standards of care and support for children and adults living in residential care and nursing homes, supported housing, residential schools and colleges, hospices and hostels. It contributes to improving the quality of service to the public. Members of the Forum are people of standing and experience drawn from the public, private and voluntary sectors, as well as some who can speak for service users and carers.

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