Yes that does seem to be what is going on. Canada says 80% of their virus deaths are from nursing homes. I think in the USA it is around 40%. Here in Oregon almost every person who has died has been older than 60. Many of them were in nursing homes and almost all of them had some other medical condition at the time of death. I have zero interest in catching it myself so I keep my distance and wear a mask if I'm in public but I'm not worried about it sweeping thru the neighborhood and killing everyone. Where I live I haven't even heard of anyone getting sick. None of my friends know anyone who has been sick with the virus either. My wife is on facebook all the time with her friends and none of them know anyone who has gotten sick so the infection rate is really low here.