Pandemic puts nursing homes under financial strain

By David Hogberg

Published January 29, 2021 4:00am ET

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Pandemic puts nursing homes under financial strain — "Our ability to withstand these losses is dependent on our achieving anticipated synergies in the Humana acquisition," Aetna's Mark Bertolini wrote. (AP Photo) | Jessica Hill

Even though the Lake Minnetonka Care Center has not experienced a single case of COVID-19, the coronavirus pandemic has raised its labor costs.

A skilled nursing home for people with mental illness in Deephaven, Minnesota, the center houses 21 residents. Jeff Sprinkel, the administrator, said that early on, he had his staff stay home at the slightest sign of illness, such as a cough or the sniffles.

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Baby Boomers CARES Act COVID-19 Michigan Minnesota Nursing Homes Seniors