Skilled care occupancy rates continued to fall in May, thanks largely to the COVID-19 pandemic. That’s according to monthly data released Thursday from the National Investment Center for Seniors Housing & Care NIC Skilled Nursing Data Initiative.
With the National Basketball Association set to resume its season tomorrow, COVID-19 is forcing the league to focus on new ways of doing business. And there’s a lot seniors housing and care can learn from the NBA’s efforts, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Tuesday.
COVID-19 penetration rates remain lowest in independent care settings, finds the latest survey released Thursday by the National Investment Center for Seniors Housing & Care.
California has restored the names of assisted living communities where COVID-19-related deaths have occurred to a state website shortly after resident advocates questioned the move and blamed the long-term care industry. An industry group, however, said it did not ask the state to stop publishing the data.
NIC issues RFP for national study comparing COVID-19 effects in senior living and care facilities compared to non-congregate settings … SEC issues new final rule requiring proxy advisory firms to disclose material conflicts of interest … Greystone secures $120M in financing to redevelop 23 Texas affordable multifamily and senior living properties … MassHousing provides nearly $10M in affordable housing financing for new senior living community … HJ Sims helps close financing for North Carolina life plan community expansion
Beth Burnham Mace, chief economist and director of outreach at the National Investment Center for Seniors Housing & Care, is a member of the 2020 McKnight’s Women of Distinction Hall of Honor.
San Jose, CA, held the top spot for highest occupancy levels within its independent living and assisted living properties in June, according to new data from the National Investment Center for Seniors Housing & Care’s MAP Data Service.
Pent-up demand from residents and families as well as the easing of COVID-19-related move-in restrictions freeing up a backlog of pre-pandemic planned move-ins has pushed move-in acceleration to its highest level since late March, according to data collected from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.
Senior housing occupancy in the second quarter was at the lowest level on record since the National Investment Center for Seniors Housing & Care began reporting data in 2006, NIC said Thursday. Individually, the sectors of assisted living and independent living set or matched previous record lows for occupancy in the second quarter, NIC Chief Economist Beth Burnham Mace told McKnight’s Senior Living.
As the COVID-19 pandemic took hold in the second quarter, units in the senior living sector emptied out as never before. Occupancy levels declined by 2.8% to 84.9%, according to the National Investment Center for Seniors Housing & Care. Both tallies were the worst ever recorded by NIC, which has been tracking such numbers for the past 14 years.
Occupancy downturns are continuing, even as many senior living operators begin accepting new residents. It’s a sign that the industry still has a long, slow recovery ahead, according to a report Tuesday in the Wall Street Journal.
Suspected and confirmed positive cases of COVID-19 are higher in senior living and care settings where resident care needs are greater, according to results of a small survey released Friday by the National Investment Center for Seniors Housing & Care. But, generally speaking, COVID-19 testing also is more prevalent in higher-need settings.
Experienced senior living operators are adapting to the effects of the COVID-19 pandemic and expect to come out strong on the other side of the current recession. Not all operators will survive, however, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Thursday.
Occupancy in independent and assisted living continued declining in May but could be stabilizing, the National Investment Center for Seniors Housing & Care said Tuesday as the organization released new data.
If the long-term care industry hopes to devise coping strategies for COVID-19, then operators across a wider spectrum of provider types must start submitting data to increase transparency about coronavirus infections and their effects, National Investment Center for Seniors Housing & Care President and CEO Brian Jurutka believes.
The share of organizations reporting an increase in occupancy from the prior month increased to its highest level since early April last week, according to data from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.
A preliminary analysis of data released Wednesday on the incidence of COVID-19 cases in nursing homes finds more cases per capita in for-profit facilities compared with nonprofit or public homes.
After meeting virtually over two days at the end of May, members of the International Council on Active Aging’s COVID-19 Senior Living Task Force now are breaking into work groups to provide input into key areas to emerge from those discussions.
Although COVID-19 continues to hit the seniors housing industry hard in terms of increased operational expenses, most investors and capital providers still believe the sector is likely to withstand the current recession pretty well, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Thursday.
Although the pandemic has slowed the pace of move-ins for all seniors housing and care communities, continuing care retirement communities seem to be outliers. These settings generally have been experiencing less disruption to move-in rates and have seen greater stability in occupancy rates, according to a report released Thursday by the National Investment Center for Seniors Housing & Care, using a subset of the firm’s Executive Survey findings.