Life plan community outlook ‘deteriorating’ in 2023: Fitch Ratings
By
Kathleen Steele Gaivin
Dec 07, 2022
The outlook for continuing care retirement / life plan communities is “deteriorating” due to continued labor challenges and a “softening broader economy.” That’s according to a newly released...
Some CCRCs cutting back on skilled nursing as labor challenges continue: analysis
By
Kathleen Steele Gaivin
Oct 27, 2022
As labor challenges continue in long-term care, some continuing care retirement / life plan communities are cutting back on the skilled nursing services they offer, according to a new Fitch Ratings labor...
Inflation, staffing pose pressures for not-for-profit life plan communities: Fitch Ratings
By
Kathleen Steele Gaivin
Sep 29, 2022
The not-for-profit continuing care / life plan communities sector has “broadly recovered” from pandemic stressors, but challenges lie ahead. That’s according to a new report from Fitch Ratings.
CCRC demand remains robust: Fitch
By
Kathleen Steele Gaivin
Sep 09, 2022
Favorable demographic trends, with more Americans reaching retirement age, the ability to absorb cost inflation and good access to capital markets, will keep the continuing care retirement / life plan...
Not-for-profit life plan communities brace for inflationary pressures, other challenges: Fitch Ratings
By
Kathleen Steele Gaivin
Sep 07, 2022
Following a “comeback year” in 2021, continuing care retirement / life plan communities are bracing for economic challenges ahead, according to a new report from Fitch Ratings.
CCRC occupancy increased to 86 percent in second quarter: Ziegler
By
Kathleen Steele Gaivin
Aug 18, 2022
Overall occupancy in continuing care retirement / life plan communities increased to 86% in the second quarter in the 99 primary and secondary markets followed by NIC MAP, according to an article in the...
Long Island CCRC to offer specialty, primary care for residents, staff, greater community
By
Kathleen Steele Gaivin
May 03, 2022
A partnership between Peconic Landing, a continuing care retirement community in Greenport, NY, and Stony Brook Medicine will result in the CCRC cut the ribbon on its new Center for Well-Being on May 18...
Provider Relief Fund monies wane for life plan communities in 2021: Ziegler
By
Kathleen Steele Gaivin
Feb 14, 2022
Life plan communities received comparatively small amounts of Provider Relief Fund aid in 2021, as program money wanes. No meaningful additional funds are expected going forward in 2022, according to specialty...
Life plan community unit absorption rebounds in third quarter: Ziegler
By
Kathleen Steele Gaivin
Nov 04, 2021
After five quarters of negative absorption during the pandemic, life plan community unit absorption not only rebounded in the third quarter but has achieved its strongest pace since the fourth quarter...
Mather prepares to enter third state armed with $300 million construction loan
By
Kathleen Steele Gaivin
Oct 15, 2021
Senior living provider Mather has secured $300 million in construction financing to build The Mather, a life plan community, in Tysons, VA.