May 3, 2021 - The Globe and Mail
Commission probing long-term care says for-profit companies should no longer be in charge of care
The commissioners were, however, careful not to paint all for-profit long-term care operators with the same brush. They make a distinction between “mission-focused” owners and those who are “profit-focused” – including real estate investment trusts, or REITs, and other entities listed on a public stock exchange.
“I thought the recommendation was quite clever,” said Dr. Samir Sinha, Director of Health Policy Research at the NIA. “It might be a path forward so that we actually get better quality care when we don’t force for-profit providers to do what they don’t want to do and, frankly, what some of them can’t do very well.”