"Nursing homes have had to deal with material supply shortfalls since 2020 and through worker shortages that have worsened in 2022. But their biggest challenge yet finds them dealing with once-in-a-generation inflation. Concerns are palpable for some already cash-strapped facilities facing occupancy issues and closure fears.
'Rising inflation over the past year, compounded with the long-term impact of the pandemic, rising labor costs, supply chain delays, and rising interest rates, is certainly putting downward pressure on skilled nursing operators,' said Scott Thurman, who oversees Greystone’s FHA Production."
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