The federal government on Tuesday clarified that fully vaccinated staff members at nursing homes do not have to submit to routine COVID-19 testing, though both vaccinated and unvaccinated residents and workers must still receive tests if they show signs of infection or in the event of an outbreak.
For the second time in as many weeks, federal lawmakers scrutinized private equity investment in nursing homes as the probes into the COVID-19 disaster in long-term care continue to intensify.
Even before the COVID-19 pandemic trained an intense spotlight on the financing of nursing home operations and real estate in America, private equity investors in the sector found themselves under the microscope.
Only about 15% of the first COVID-19 vaccine doses have been administered to nursing home residents by the first business week of 2021, raising concerns about the rollout for both the elderly and the general public.
Successfully taking the reins of a nursing home chain during the COVID-19 pandemic may seem like an insurmountable challenge, but Kevin Morris sees only opportunity ahead — both for his company, BaneCare Management, and the industry as a whole. It’s just up to the leaders within the industry to chart a better and safer path.
