Impact of COVID-19 on senior living could be $50 billion, Argentum CEO says
By
Kimberly Bonvissuto
May 29, 2020
The impact of COVID-19 on the senior living industry could be $40 billion to $50 billion over the next year, Argentum President and CEO James Balda said Wednesday in a Yahoo Finance interview.
Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
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...
30 percent of senior living members still report PPE challenges, Argentum, ASHA say
By
Lois A. Bowers
May 26, 2020
Almost one-third (30%) of senior living companies that are members of Argentum or the American Seniors Housing Association still face challenges in securing adequate personal protective equipment in the...
Belmont Senior Living president: Operating costs triple when facility has a positive case of COVID-19
By
Amy Novotney
May 22, 2020
A positive case of COVID-19 can more than triple a senior living operator’s equipment costs to prevent the virus’ spread, according to Belmont Village Senior Living President Mercedes Kerr. Kerr joined...
Senior housing occupancy falls 1.1 percent in April, and May could see ‘pretty significant impact,’...
By
Lois A. Bowers
May 20, 2020
Occupancy in senior housing fell 1.1% to 88.7% in April, according to data released Tuesday by the National Investment Center for Seniors Housing & Care. The rate was 1% lower than the prior year, NIC...
Business briefs for Wednesday, May 20
May 20, 2020
Seniors housing occupancy decreased by 1.1 percentage point, to 88.7%, and SNF occupancy was down 2.2 percentage points to 84.7% in April, according to NIC’s MAP Data Service … New legislation aims...
Scenario planning is a powerful financial tool for senior living operators: Mace
By
Amy Novotney
May 19, 2020
The end of the coronavirus continues to be difficult to predict, but in the meantime, operators, investors and lenders can take contingency planning steps to address the myriad paths that may unfold, advises...
Analysts mull recovery prospects for seniors housing REITs
By
Amy Novotney
May 18, 2020
A week after the sector’s largest companies reported first-quarter earnings, several analysts have shared their views on how healthcare real estate investment trusts are faring amidst the ongoing COVID-19...
Long-term care struggles for COVID-19 resources speak to deeper societal issue, leaders say
By
Lois A. Bowers
May 15, 2020
Assisted living communities’ and nursing homes’ difficulty in securing personal protective equipment and testing to prevent or contain the spread of COVID-19, despite the fact that older adults are...
Invesque touts portfolio diversification as a strength in the COVID-19 pandemic
By
Kimberly Bonvissuto
May 15, 2020
When it comes to portfolio diversification, Invesque Chairman and CEO Scott White said he never anticipated that something like the COVID-19 pandemic would figure into its strengths in geographic diversification.