Ziegler - McKnight's Senior Living

Ziegler

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Number of operators investing in video conferencing capabilities for residents has quadrupled since 2018: survey

Three-fourths of senior living and care providers invested in video conferencing capabilities for residents last year, quadrupling the number of providers who did so just two years earlier, according to a new Ziegler CFO Hotline survey conducted in partnership with the LeadingAge Center for Aging Services Technologies. Survey results also suggested that spending for telehealth and telemedicine technologies also doubled from investments made two years ago.

CCRC occupancy drops to record low in fourth quarter but remains much higher than other occupancies

Average occupancy within life plan communities fell another 90 basis points in the fourth quarter, dropping to a new record low of 85.7%, according to the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. These latest data bring the cumulative drop in occupancy with the life plan community sector to 3.5% since the pandemic began.

Business briefs for Thursday, Dec. 3

Independent living and assisted living operators continue to face occupancy pressures: Ziegler poll … Many hospitals again postponing elective surgeries amid COVID-19 surge … Ensign Group acquires 116-bed Texas skilled nursing facility … Capital Senior Living completes $18M sale of Ohio senior living community … Real estate investment firm Eagle Arc purchases two South Florida SNFs for $36.4M … Enterprise Community Development completes construction of $30M affordable seniors housing project in Richmond, VA … Social Security likely to feel effects of COVID-19 long after pandemic is over

stethoscope money

CARF-accredited senior living organizations were in a solid financial position to weather the COVID-19 crisis: report

For their fiscal years ending in 2019, senior living organizations accredited by the Commission on Accreditation of Rehabilitation Facilities were in a solid financial position to weather the COVID-19 crisis, according to the latest report from CARF, tax advisory firm Baker Tilly and specialty investment banking firm Ziegler.

Business briefs for Monday, Nov. 2

Fed lowers minimum loan amount to $100,000 for Main Street Lending Program … Most cities ill-equipped to meet the needs of older residents: report … Ziegler closes $125M in financing for CCRC owner HumanGood … PrivCap pays $7M for Florida assisted living community … Oakmont Senior Living opens 142-unit senior living community near Sacramento, CA

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