‘Out of control’: Panelists share frustrations, solutions to managing cash flow during pandemic
By
Kimberly Bonvissuto
Sep 24, 2020
The global coronavirus pandemic has created a “tsunami” of decreasing occupancy, coupled with increasing costs related to personal protective equipment and labor, to create an operating environment...
Aging services providers call out Congress for ‘walking out on older Americans’ during pandemic
By
Kimberly Bonvissuto
Aug 17, 2020
Nonprofit aging services leaders from some states hit hardest by COVID-19 shared their challenges amidst the pandemic on Friday and called out Congress for taking a summer recess.
Invesque eyes Symphony portfolio as COVID-19 creates ‘challenging operating environment’
By
Kimberly Bonvissuto
Aug 14, 2020
Invesque is in discussions with the Symphony Care Network in light of the effect of the COVID-19 pandemic on its operations. Although Invesque said it is too early to comment on the restructuring, options...
Pandemic effects ‘pronounced,’ but business drivers ‘firmly intact,’ Welltower says
By
Lois A. Bowers
Aug 07, 2020
The pandemic, as expected, had a “pronounced” effect on Welltower’s financial results in the second quarter, especially those results related to senior living and skilled nursing, Chairman and CEO...
Life plan community model remains stable, viable: report
By
Kimberly Bonvissuto
Jun 16, 2020
Life plan communities were the type of senior living community least affected by the COVID-19 pandemic, reaffirming their stable future, according to a report from specialty investment bank Ziegler.
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.
NHI reports COVID-19 cases remain at less than 1 percent across its portfolio
By
Kimberly Bonvissuto
May 13, 2020
As with other senior housing operators and real estate investment trusts with senior housing properties, National Health Investors reported that COVID-19 has presented challenges to its business, but positive...
Ventas looks to COVID-19 testing program to accelerate move-ins, announces new Holiday management agreement
By
Lois A. Bowers
May 11, 2020
Similar to other senior living operators and real estate investment trusts with senior housing portfolios, Ventas is reporting some pretty grim numbers for the first quarter and the part of the second...
Sales leads down 50 percent and ‘continued deterioration’ expected due to COVID-19, Five Star says
By
Lois A. Bowers
May 08, 2020
Average sales leads per week seen by Five Star Senior Living in April were approximately half of what they typically are, and the company expects “continued deterioration” as the effects of...
Five-point plan will protect older adults, caregivers, LeadingAge says
By
Kimberly Bonvissuto
May 08, 2020
With several states beginning to reopen businesses but COVID-19 still a threat, LeadingAge on Thursday unveiled a five-point plan of actions it deems essential to protecting older Americans and frontline...