Getzler Henrich Addresses Growing Crisis in Nursing Home Industry

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Jul 23, 2024, 19:00 ET

NORTHBROOK, Ill., July 23, 2024 /PRNewswire/ -- Getzler Henrich has issued a timely and relevant perspective titled "A Paucity of Care: A Nursing Home Crisis on the Horizon?" The report, authored by Luke Andrews, Senior Director at Getzler Henrich & Associates LLC, a Hilco Global Company, examines the mounting pressures within the nursing home industry due to increasing labor costs, staffing challenges, and evolving regulatory requirements.

As the demand for nursing home services rises with an aging population, the sector faces significant hurdles. Escalating labor costs, persistent staffing shortages, and new regulatory mandates are creating a complex and challenging environment for nursing home operators. Facilities, especially those operating on thin margins, are struggling to balance financial viability with the imperative to provide quality care.

The report highlights the potential for a divergence in outcomes within the industry. Some nursing homes may succeed through innovative approaches to staffing and financial management, while others, particularly rural and Medicaid-dependent facilities, may face closures or restructurings.

"We are witnessing a critical juncture in the nursing home industry," says Andrews. "Our report delves into the current dynamics and offers strategic insights for operators to navigate these challenges effectively."

To obtain a copy of the report or schedule an interview with Luke Andrews, contact Julia Lechowicz, Hilco Global at [email protected].

About Getzler Henrich & Associates: Getzler Henrich & Associates LLC (www.getzlerhenrich.com), a Hilco Global Company (www.hilcoglobal.com), is one of the nation's oldest and most respected names in middle-market corporate restructuring and operations improvement and has successfully worked with thousands of companies to achieve growth and profitability. Working with a wide range of companies, including publicly held firms, private corporations, and family-owned businesses, Getzler Henrich's expertise spans more than fifty industry sectors, from "new economy" technology and service firms to "old economy" manufacturing and distribution businesses.

Getzler Henrich & Associates is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization, advisory, and capital solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

SOURCE Getzler Henrich & Associates