INFLATION HALTS ANOTHER NURSING HOME UPGRADE PROJECT

A $25 million upgrade project would have added 120 skilled nursing beds to RCA Management’s building portfolio, but now, it has been expressed that the replacement project was deemed "no longer viable.”

The developers of a major nursing home project are pulling the plug for now, another victim of inflationary and regulatory pressures plaguing the sector.

The inability to solidify appropriate financing and increased costs of materials are cited as a couple of reasons for the abrupt project discontinuation.

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