City responds with press release about Hillcrest Care Center

LAUREL – Like many long-term care providers, Hillcrest Care Center and Assisted Living is facing financial strain due to rising operational costs, shifts in healthcare funding, regulatory changes, contract labor expense, write-off of resident receivables, the increase/decrease of the number of residents, and the delay in receiving Hillcrest’s Employee Retention Credits from the IRS. The combination of all of these factors has led to an increase in Hillcrest’s monthly net losses, creating concern for Hillcrest’s administration and the Laurel City Council.