CCRC

When the COVID-19 pandemic began, Seattle-based nonprofit life plan community Bayview — like many other seniors housing operators — quickly went from vibrant hustling and bustling dining rooms to delivering meals to residents’ apartments. But with no clear end to the pandemic in sight, Bayview’s CEO, Nancy Weinbeck, challenged the community – both residents and staff – to find innovative and creative ways to bring back some social elements of the dining experience while also keeping residents safe.

The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg Law.

Fitch Ratings has revised its outlook on life plan communities to negative last week, reflecting the rating agency’s concern that many of COVID’s risks still lie ahead.