It may seem counterintuitive, but Shamim Wu, president and chief operating officer of memory care provider Silverado, says that one way the company manages expenses is by having staffing levels that are...
SNF occupancy edges slightly up in October but is still down nearly 10 percent from last year: NIC
By
Amy Novotney
Jan 08, 2021
Occupancy rates at nursing homes across the country continued to be depressed in October, according to data from the latest Skilled Nursing Monthly Report, published by the National Investment Center for...
Senior living occupancy recovery may stretch into 2023 — or 2028, leaders say
By
Lois A. Bowers
Jan 05, 2022
SAs the pandemic nears its second anniversary, occupancy appears to be moving in a positive direction but still may be in recovery mode at this time next year — and maybe for much longer, industry leaders...
Occupancy loss, recovery in SNFs varies by market: NIC analysis
By
Kathleen Steele Gaivin
Jun 07, 2022
Occupancy loss among freestanding skilled nursing facilities during the height of the pandemic mainly was a function of a demand contraction, which varied across the markets. That’s according to an analysis...
Forbes: The future of nursing homes looks grim
By
Amy Novotney
May 05, 2020
Although some of short-term pandemic-related costs faced by skilled nursing facilities will likely fade over time, the industry’s current overall model may be financially unsustainable without broad...
Senior living occupancy falls slightly in first quarter as industry braces for COVID-19 impact
By
Lois A. Bowers
Apr 10, 2020
Senior living occupancy fell slightly in the first quarter, according to NIC, but the data do not yet reflect the effects of COVID-19. Meanwhile, a new report from Marcus & Millichap predicts how senior...
Assisted living recovering more quickly than independent living: NIC
By
Kathleen Steele Gaivin
Jul 08, 2022
Senior living (independent living and assisted living combined) occupancy in the second quarter increased for the fourth quarter in a row, and assisted living is best poised for recovery within the sector,...
Middle market senior housing needs ‘secret sauce’ from operators to work: panel
By
Kimberly Bonvissuto
Feb 10, 2022
The “secret sauce” for middle market senior housing includes a quality living environment without going overboard, one expert says.
NIC’s Mace transitions to advisory role
By
Kathleen Steele Gaivin
Jun 08, 2023
The National Investment Center for Seniors Housing & Care disclosed Tuesday that Beth Burnham Mace is vacating her role as chief economist to become a consultant and special adviser for the organization.
Nearly three-quarters of SNFs reported occupancy declines in first half of April: NIC
By
Amy Novotney
Apr 17, 2020
Seventy percent of skilled nursing facility operators saw declines in their occupancy rates compared with one month ago, according to data collected from owners and executives at 146 seniors housing and...