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May 20, 2021 TORONTO – With licenses for more than 30,000 long-term care beds set to expire in 2025 and 15,000 new beds in the works, a group of eminent public policy experts is calling on Queen’s Park to develop them all as public non-profit beds as a first step in “an orderly and phased reduction of for-profit long-term care in Ontario.” “The primary obligation of a for-profit long-term care operator is its fiduciary duty to maximize shareholder value,” says public interest lawyer Steven Shrybman, one of nine co-authors of a new report, Recommendations to Transform Long-Term Care in Ontario . “That priority is clearly incompatible with the delivery of necessary health care services, where the first and overarching priority must be to ensure the health and well-being of residents.” ....