Continuing care retirement community - McKnight's Senior Living

Continuing care retirement community

Pandemic causing less disruption in occupancy rates among CCRCs compared with non-CCRCs: report

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.

Sick elderly person

AHCA / NCAL, AMDA blast ‘short-sighted’ plans to discharge people with COVID-19 from hospitals to long-term care facilities

“The question all state officials must consider is whether the risk of introducing a virus with an estimated 30% or higher mortality rate into a nursing home or assisted living community outweighs the risk of hospitals being overcrowded,” the American Health Care Association / National Center for Assisted Living and AMDA – The Society for Post-Acute and Long-Term Care Medicine said in a joint statement released Sunday.

Life plan communities under pressure amidst coronavirus: Fitch Ratings

Although sector-wide rating changes are not expected in the near term, the increased operating costs and shifts in census associated with the COVID-19 outbreak may have negative effects on lower-rated life plan communities, according to an analysis by Fitch Ratings. Higher-rated life plan communities have more cushion to absorb these operating challenges without meaningfully affecting their credit profiles, Fitch said.

Next post in News