After grappling with the COVID-19 crisis for the past year, senior living and care facilities are waking up to some stark financial realities that are starting to push a new wave of consolidation in the sector. One recent analysis found that the long-term care industry expected to lose $94 billion over 2020 and 2021, a…
As they juggle short-term challenges with adapting to the long-term implications of the pandemic, operators can benefit from the so-called “zoom-in, zoom-out approach” that has been used by many successful companies.
The pitfalls of investing in senior living communities don’t show up on a spreadsheet. Risks are being overlooked every day as the booming sector draws in new players who have scant experience in the space.
Assisted living operators that hope to compete for customers down the road need to change their business models and, in particular, ramp up offerings for more healthcare services.
