Operating margins, other cash flow ratios fall to levels ‘not seen in a decade, if ever’: analysis
By
Kathleen Steele Gaivin
Oct 18, 2021
Profitability and cash flow have declined significantly for both single-site and multi-site long-term care providers over the past year, according to median measures reported in the recently released 2021...
CCRC expects up to $70,000 in annual savings by going green
By
Kathleen Steele Gaivin
Oct 15, 2021
Carroll Lutheran Village is expanding its green initiatives with energy-efficient lighting and solar panels to reduce energy consumption and costs. The Westminster, MD, not-for-profit continuing care retirement...
More news for Thursday, Sept. 30
Sep 30, 2021
Long-term care, other business groups find exclusion from federal vaccine mandate process ‘disappointing’ … Demand for CCRCs strong despite pandemic: Fitch Ratings … List names...
Demand for CCRCs strong despite pandemic, Fitch Ratings says
By
Kathleen Steele Gaivin
Sep 30, 2021
Consumer demand for continuing care retirement / life plan communities has remained strong despite the pandemic, Margaret Johnson, director, senior living sector lead at Fitch Ratings, said in a webinar...
Diffey, Minnix, Ryan and Sims to be inducted into Continuing Care Hall of Fame for 2021
By
Lois A. Bowers
Sep 27, 2021
John Diffey, Larry Minnix, Mary Alice Ryan and Bill Sims will be inducted into the Continuing Care Hall of Fame for 2021.
CCRCs challenged by caregiver turnover, but nursing homes have it worse: report
By
Kimberly Bonvissuto
Sep 22, 2021
Turnover rates for certified nursing assistants, licensed practical nurses and registered nurses in continuing care retirement communities have reached their highest points over the past decade in 2021,...
Not-for-profit life plan communities sector remain ‘resilient’ during pandemic: report
By
Kathleen Steele Gaivin
Sep 16, 2021
Life plan communities held their ground throughout the pandemic by using various forms of emergency funds to offset increased expenses and pressured cash flows during the public emergency, according to...
U.S. News launches ‘Best Senior Living’ program
By
Lois A. Bowers
Sep 07, 2021
U.S. News & World Report has launched a “Best Senior Living” initiative with the goal of releasing inaugural listings for consumers in the first quarter of 2022. The program will cover individual...
Healthpeak down to final $150 million in rental senior housing sales
By
Kimberly Bonvissuto
Aug 05, 2021
Healthpeak Properties continued its substantial exit from rental senior housing in the second quarter, as well as a strategic acquisition and development pipeline across all of its business segments, CEO...
Life plan communities resilient but not out of the woods: Fitch Ratings
By
Kathleen Steele Gaivin
Jun 30, 2021
As the long-term care sector emerges from the pandemic, Fitch Ratings expects that life plan communities will continue to consolidate over the next few years.