“In 2017, global multi-billion dollar insurance company Anbang took control of the for-profit Retirement Concepts, which owns Millrise Place and Monterey Place,” said president Guy Smith.
“Anbang fell deep into debt and was bailed out by CBIRC last year. Last week, Anbang’s former chairman was found guilty of $10-billon in fraud and sentenced to 18 years in prison. It’s expected CBIRC could sell Anbang’s assets, which includes Millrise Place and Monterey Place.
“Understandably, this has resulted in worry from residents and staff at these care sites over what the future holds for them. Bringing the important services Millrise Place and Monterey Place provide under AHS operation would help ease these worries and provide stability in the health-care system, and I strongly urge the health minister to do that,” Smith said. “It would also be a move to end this costly experiment in privatization of services, a change the NDP called for in 2015.”
In 2016, the Parkland Institute released a report, which highlighted the fact publicly run seniors care facilities provided more hours of daily direct care to residents compared to non-profit and private facilities.
AUPE is Alberta’s largest union with 93,000 members province-wide. The union represents approximately 215 members at Millrise and 128 members at Monterey who work in nursing care and general support services.
For more information:
Tyler Bedford, AUPE senior communications officer: 780-298-7626