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...
Business briefs for Thursday, April 23
Apr 23, 2020
Healthpeak sells West Palm Beach, FL, senior housing facility at huge discount … Genesis Healthcare founder dies of coronavirus … NIC founder Bob Kramer launches senior advisory services firm … CareTrust...
Nearly three-quarters of SNFs reported occupancy declines in first half of April: NIC
By
Amy Novotney
Apr 17, 2020
Seventy percent of skilled nursing facility operators saw declines in their occupancy rates compared with one month ago, according to data collected from owners and executives at 146 seniors housing and...
Scenario planning is a powerful financial tool for senior living operators: Mace
By
Amy Novotney
May 19, 2020
The end of the coronavirus continues to be difficult to predict, but in the meantime, operators, investors and lenders can take contingency planning steps to address the myriad paths that may unfold, advises...
Pandemic causing less disruption in occupancy rates among CCRCs compared with non-CCRCs: report
By
Amy Novotney
Jun 05, 2020
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...
Forbes: The future of nursing homes looks grim
By
Amy Novotney
May 05, 2020
Although some of short-term pandemic-related costs faced by skilled nursing facilities will likely fade over time, the industry’s current overall model may be financially unsustainable without broad...
More than 80% of assisted living facilities report occupancy declines: NIC
By
Amy Novotney
May 01, 2020
Roughly four-in-five assisted living communities and nursing facilities are reporting occupancy rate declines compared with a month ago, according to data collected last week from owners and executives...
Healthcare REITs down nearly 31% this year, doubling the overall REIT market
By
Amy Novotney
Apr 27, 2020
In what appears to be a pretty grim statistic for the senior housing industry, healthcare real estate investment trusts are down 31% year to date, based on data from the FTSE Nareit U.S. Real Estate Index...
NIC report: Half of SNFs reported declines in occupancy rates and a deceleration in move-in rates last...
By
Amy Novotney
Apr 06, 2020
About half of nursing homes saw declines in their occupancy rates last month, according to data collected from owners and executives at 180 seniors housing and skilled nursing operators from across the...
Belmont Senior Living president: Operating costs triple when facility has a positive case of COVID-19
By
Amy Novotney
May 22, 2020
A positive case of COVID-19 can more than triple a senior living operator’s equipment costs to prevent the virus’ spread, according to Belmont Village Senior Living President Mercedes Kerr. Kerr joined...