A research note from Forsyth Barr said retail and healthcare had been the worst-performing sectors on the Australian market since it was hit with the omicron variant.
“The aged care sector will likely suffer acute staff shortages, significant additional expenses and may also suffer reputational damage,” said analyst Aaron Ibbotson.
Aged-care providers are on the frontline of the pandemic with their customers a high risk for severe infection, he said.
Additionally, these businesses already experience staff shortages which could be made much worse by staff having to self-isolate during a large outbreak
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