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...
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...
NIC panelists remain bullish, despite COVID-19
By
Amy Novotney
Jun 05, 2020
Although COVID-19 continues to hit the seniors housing industry hard in terms of increased operational expenses, most investors and capital providers still believe the sector is likely to withstand the...
Skilled nursing occupancy hits new low of 73.8%: NIC
By
Amy Novotney
Nov 05, 2020
The trend of declining occupancy rates for skilled nursing continued in August as a result of the ongoing effects of COVID-19. Operators saw occupancy rates fall another 81 basis points from July to August,...
WSJ: Seniors housing could face big vacancies with telemedicine available to help with care needs at...
By
Amy Novotney
May 13, 2020
The ongoing spread of COVID-19 within skilled nursing facilities and assisted living communities and a national surge in telemedicine use may be two key factors fueling a push for seniors to age at home,...
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...
Pace of move-ins appears to be improving: NIC
By
Amy Novotney
Jun 01, 2020
A growing number of operators across all care segments now are reporting an increase in move-ins, according to data from the most recent Executive Survey results from the National Investment Center for...
More than 80% of assisted living facilities report occupancy declines: NIC
By
Amy Novotney
May 01, 2020
Roughly four-in-five assisted living communities and nursing facilities are reporting occupancy rate declines compared with a month ago, according to data collected last week from owners and executives...
Nearly two-thirds of operators now offering rent concessions, depressing net income, NIC survey finds
By
Amy Novotney
Dec 18, 2020
Net operating income continues to face pressure from the COVID-19 pandemic, with more organizations than ever offering rent concessions, paying staff members overtime hours and using agency or temp staff...
Move-in acceleration within seniors housing at highest level since late March: NIC survey
By
Amy Novotney
Jul 14, 2020
Pent-up demand from residents and families as well as the easing of COVID-19-related move-in restrictions freeing up a backlog of pre-pandemic planned move-ins has pushed move-in acceleration to its highest...