Big for-profit long-term-care companies paid out more than $170 million to investors through Ontario’s deadly first wave - News Summed Up

Big for-profit long-term-care companies paid out more than $170 million to investors through Ontario’s deadly first wave


“A long-term-care home’s age, size and proximity to community spread are the causative factors in a severe outbreak, not who owns the home,” the company said. Daniell-Colarossi said COVID-19 has disproportionately impacted older long-term-care homes and those located in Ontario’s hot zones of Toronto, Peel, Ottawa and York. “It speaks to a bigger problem with a lack of transparency and accountability in the long-term care sector, especially when it comes to private, for-profit long-term-care homes,” Arya added. In total, nine of the 10 deadliest outbreaks in Ontario long-term-care homes through Sept. 30 were in for-profit facilities. The Star’s analysis is based on the province’s open database of outbreaks in registered long-term-care homes.


Source: thestar December 26, 2020 09:56 UTC



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