Coronavirus / COVID-19 - McKnight's Senior Living

Coronavirus / COVID-19

Assisted living could be target for COVID-19-related criminal investigations, attorney general says

Although skilled nursing facilities are the target of newly announced criminal neglect investigations in Pennsylvania amid COVID-19 outbreaks, the state attorney general’s office said those investigations could extend to other types of long-term care facilities, which could include assisted living communities and personal care homes, in the future.

CFOs see pandemic recovery requiring more than three months: survey

A quick return to “business as usual” after COVID-19 is appearing less and less likely, with nearly 60% of chief financial leaders across the nation reporting that they believe it will take their companies more than three months to recover once the pandemic recedes. That’s according to a PricewaterhouseCoopers LLP survey conducted last week with 288 U.S. chief financial officers and finance leaders across industries. This is the firm’s fifth survey of CFOs since emergency measures to slow the pandemic took hold in the United States.

senior using cellphone

Coronavirus forcing investors to realize seniors housing is not just a real estate play

After years spent viewing seniors housing as a potential cash cow given the graying of the baby boomer generation, the coronavirus pandemic is forcing investors in the sector to recognize that they are “more than mere landlords,” according to a Financial Times article Monday. Instead, many have become critical service providers who are facing rising expenses to clear and disinfect properties, provide protective equipment and reinforce staff.

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