Seniors care shouldn’t be a private-equity money-maker

Seniors care shouldn’t be a private-equity money-maker - BCGEU

Published on April 13, 2017

(March 2017 Article)

Late last year, a large trans-national insurance company, Anbang, announced its intention to buy a majority interest in Retirement Concepts, a Canadian, for-profit, nursing-home chain. Retirement Concepts currently receives funding from a number of provincial governments to provide nursing-home care and is the highest-billing provider of assisted-living and residential care services in B.C.

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