All sectors but IL see highest month-over-month occupancy declines since June amid COVID surge: NIC survey
By
Amy Novotney
Dec 07, 2020
Between 42% and 54% of organizations with assisted living units, memory care units or nursing care beds reported occupancy declines over the past 30 days, according to data collected from the most recent...
Town’s only nursing facility converting to ALF, as national study finds ‘dangerously low’ occupancy...
By
Amy Novotney
Dec 03, 2020
Amid deteriorating finances that don’t allow for much-needed building infrastructure updates, the only skilled nursing facility in the town of Norton, MA, will be closing by early next year and will...
Business briefs for Thursday, Dec. 3
Dec 03, 2020
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...
Senior living industry better prepared to weather future pandemics: Invesque CEO
By
Kimberly Bonvissuto
Nov 13, 2020
The senior living industry faces COVID-19 headwinds that are expected to continue into 2021, but Invesque Chairman and CEO Scott White said he is confident the industry has “figured out how to handle...
1 in 4 long-term care operators expect their development pipelines to decrease: NIC survey
By
Amy Novotney
Nov 13, 2020
About one-fourth (24%) of senior housing and skilled nursing operators now expect their development pipelines to decrease. That’s according to data collected from the most recent Executive Survey conducted...
COVID impact on senior living on track to reach $17 billion, ASHA says, requesting relief
By
Lois A. Bowers
Nov 12, 2020
As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue, and they need new...
Unique operating model produces continued profitability, Pennant Group execs say
By
Kimberly Bonvissuto
Nov 12, 2020
Occupancy declines in the early months of the COVID-19 pandemic were replaced by slight occupancy increases as the Pennant Group’s Pinnacle senior living business produced strong results into the third...
CCRCs see lower occupancy dips than non-CCRCs: NIC
By
Amy Novotney
Nov 12, 2020
Two quarters into the COVID-19 pandemic, occupancy within continuing care retirement communities has remained nearly 9 percentage points higher than occupancy within non-CCRCs. That’s according to data...
NHI’s third-quarter results suggest that tenant credit risk is getting worse as the pandemic continues
By
Amy Novotney
Nov 11, 2020
Despite strong rent collections in October and November, Murfreesboro, TN-based National Health Investors may be in for some tough quarters ahead as its senior housing portfolio faces additional stress...
Sabra: Consumer ‘pandemic fatigue’ hurting senior living occupancy
By
Lois A. Bowers
Nov 09, 2020
Operating during the coronavirus pandemic has become the “new normal” for senior housing providers, with infection control protocols and restrictions that can be adapted based on local and state regulations...