Companies managing troubled Ontario long-term care homes run dozens more, make millions in profits

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Companies managing troubled Ontario long-term care homes run dozens more, make millions in profits
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A report military members wrote while helping in the care homes was released publicly, detailing ‘deeply disturbing’ conditions at the five Ontario homes

OTTAWA – The companies managing long term care homes where the military found rotting food, cockroaches, patients in soiled beds and conditions that allowed COVID-19 to spread, also run dozens of other facilities in the province and have made millions of dollars a year operating them.

“A significant number of residents have pressure ulcers … as a result of prolonged bed rest,” reads the military’s report.According to the company’s financial reports, they posted a $7.5 million profit in 2019, a $9.8 million profit in 2018 and $21.8 million profit in 2017. The company’s shares lost nearly half their value since February when the COVID-19 crisis began closing at $10.56 a share on Wednesday.

“We are going to do surprise inspections right across the province, so my message to all long term care homes is to get your act together.” Southbridge, a limited partnership, which operates the Orchard Villa where 77 residents have died, also operates the Pinecrest Nursing Home in Bobcaygeon, Ont, where 28 residents succumbed to COVID-19 early in the crisis.

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