May 15, 2020 / 4:42 PM / 11 days ago

BRIEF-Moody's Says Coronavirus Leads To Financial Turmoil For Many Senior Living, Nursing Home Operators In U.S.

May 15 (Reuters) -

* MOODY’S SAYS CORONAVIRUS LEADS TO FINANCIAL TURMOIL FOR MANY SENIOR LIVING & NURSING HOME OPERATORS IN U.S.

* MOODY’S SAYS MANY U.S. NURSING HOMES, SENIOR LIVING FACILITIES ARE GRAPPLING WITH HIGHER COSTS AND INABILITY TO GENERATE INCREMENTAL REVENUE

* MOODY'S SAYS NO OTHER SECTOR HAS SEEN SINGULAR CONFLUENCE OF BOTH REVENUE & EXPENDITURE DIFFICULTIES AS ELDER HOUSING SECTOR IN U.S. Source text: bit.ly/2LCbGah

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