Question: The move comes just months after Estia foreshadowed it will write off its $221.3 million in bed licenses within the next 12 months to three

The move comes just months after Estia foreshadowed it will write off its $221.3 million in bed licenses within the next 12 months to three years. (Brown, 2022)

Required: Part 1: Provide a context to explain why your company has made the announcement regarding the write down of their bed licences. (400 words)

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