(Retirement Concepts photo)

Union pleas for province to act on nursing home takeover by Chinese government

China has seized the Anbang Insurance Group — the parent company of 21 senior living homes in B.C.

The Hospital Employees’ Union is urging the B.C. government to create an action plan that includes potentially buying and operating a retirement home chain recently taken over by the Chinese government.

“We must ensure that seniors’ care is safeguarded from any attempts to pull more revenue out of B.C. nursing homes – or to dispose of these assets in a manner that disrupts care for seniors and others,” Jennifer Whiteside, the union’s secretary-business manager, said in a news release Tuesday.

In February, Retirement Concept care homes, which include 21 facilities across the province, were taken over by the overseas government after being seized from Beijing-based Anbang Insurance Group by the Chinese Insurance Regulatory Commission.

At the time, the insurance regulator cited fraud charges against Anbang’s former chairman Wu Xiaohui and risk of insolvency as reasons for the government’s takeover for the next two years.

The changes come just one year after the federal and provincial government approved the sale of the seniors care facilities chain to Anbang, “despite concerns that the Chinese company’s global spending spree was unsustainable,” the union’s news release reads.

The employees union is now calling on the province to create a three-point plan that includes audits on staffing and finances, a moratorium on contract flipping in case Anbang seeks to dispose of its care home assets and look into purchasing and operating these sites if the company is to sell.

Black Press Media reached out to the Ministry of Health, but did not receive a comment by deadline.


Like us on Facebook and follow us on Twitter.

Just Posted

Former Riders coach reflects

Mohr looking for new opportunities after contract ends

Athletes ready for world stage

Three Fernie athletes to compete in the world’s biggest junior freeride competition.

Hydro prices to surge

Elk Valley businesses brace for 3 per cent Hydro rate increase.

Elk Valley rallies for car fire victim

Aussie loses everything in car fire

Fernie operator wins tourism award

Island Lake Lodge recognised for “inclusive, team-oriented culture” at 2018 Tourism Industry Awards.

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Free breast cancer screening

Early detection saving lives

Sparwood skaters impress

Club farewells coach

Army cadets test survival skills

Cadets endure -18C conditions

Exhibition builds compassion

Opioid use in focus

Medicinal cannabis patient shares story

Fernie mom spreads compassion

Epic deal for FAR

RCR signs new partnership

Search continues for 10-year-old Montreal boy missing since Monday

Montreal police said they are exploring every possibility in search for Ariel Jeffrey Kouakou

Airline passenger-rights bill claws back protections for travellers: Advocate

Bill C-49 would double tarmac delays, scrap compensation for flights affected by mechanical failures

Most Read