The ongoing effects of the COVID-19 pandemic: Financial estimates for nursing and residential care facilities in 2022
The combined operating revenues of private and public nursing and residential care facilities grew by 4.2% to reach $39.1 billion in 2022. Despite the increasing proportion of Canadians aged 65 and older requiring care and the challenges related to workforce recruitment and retention, the nursing and residential care facilities subsector experienced slower growth in 2022, compared with 2020 and 2021.
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