A chain of nursing homes in Iowa has been forced into bankruptcy due to dire staffing shortages.
QHC Facilities, based in Clive, operates skilled nursing facilities in Tama, Madison, Humboldt, Jackson, Linn, Webster, and Polk counties.
The combined facilities provided care for over 700 residents and employed around 300 full-time and part-time employees.
But on the brink of collapse, QHC filed for bankruptcy last week. The company claimed $1 million in assets and $26.3 million in liabilities.
Iowa Nursing Home Operator Forced Into Bankruptcy By "Crippling" Staff Shortages https://t.co/30p8uf4r7Q
— zerohedge (@zerohedge) January 9, 2022
Staffing shortages helped push QHC Facilities, an Iowa operator of nursing homes, into bankruptcy as health-care providers continue to struggle with pandemic pressures https://t.co/Ze2YEJRscP
— Bloomberg (@business)