Care Packages
The Deal Newsweekly
11/14/2008
Kevin J. Walsh and Daniel S. Bleck
Current economic conditions have proven a challenge for many sectors of the healthcare industry, with continuing care retirement communities, or CCRCs, potentially disproportionately affected. With increased medical care expenses due to higher staffing requirements, increased insurance expenses and aging facilities, the situation facing many CCRCs is daunting. However, the latest challenge relates directly to the collapse of the housing market caused by the subprime mortgage crisis.
In this article, published on November 14, 2008 in The Deal Newsweekly, Mintz Levin attorneys Kevin J. Walsh and Daniel S. Bleck discuss the impact that the subprime mortgage crisis is having on CCRCs, and analyze various possible solutions for these businesses.
