File Folder marked Standards

Meeting Expectations

Angie Szumlinski News

Investors who own large shares of nursing home companies now are demanding that the operators improve staff working conditions and the quality of care. Nearly 100 investor groups that manage $3.3 trillion in assets in the U.S. and abroad told nursing home companies in a recent letter that they should increase staffing levels, boost staff pay, offer paid sick leave, improve resident safety programs and allow staff members to unionize…

The investors’ statement of expectations was sent to major for-profit companies and real estate investment trusts that own nursing homes, including Genesis HealthCare, Ventas, Brookdale Senior Living and CareTrust REIT. It was signed by large investor groups including BMO Global Asset Management, Aviva Investors and the Interfaith Center on Corporate Responsibility.

Investors Push Nursing Homes to Upgrade Care and Working Conditions” by Harris Meyer, Kaiser Health News

It is important that you understand the expectations of your investors whether it be a REIT, HUD, or partnerships with other financial organizations. These are difficult times financially; the last thing you need is to default on a contract to add to the mix! Talk to your partners, financial support groups, etc. and stay in the know.

Stay well, mask up indoors, and stay tuned!