Comments

  1. Sometimes, There's Not an Easy Solution

    The SHN headline reads: "Developers See Opportunity as Old Nursing Homes Become Obsolete."

    The informative story by @CassandraDowell discusses how developers are building new nursing homes because the old nursing homes dated buildings and structural designs can't compete with a new building's private bathrooms and internet & healthcare technology.

    Opportunity for developers, yes. What about the owners & operators of the older nursing homes?

    For family-owned nursing homes with older buildings, potential options are to a) make multi-million dollar upgrades to their existing facilities, b) build a new building themselves, c) keep operating as-is and hope for the best or d) consider whether it's time to cash-out and let somebody else make those multi-million dollar upgrades to their facility.

    Chris Foley
    Sr. Vice President – Equity Seniors Housing Advisors
    CPA (RETIRED)
    cfoley@SeniorsFamily.com
    614-915-8835

By continuing to use the site, you agree to the use of cookies. More Information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, see our cookie policy.

Close