As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond.
While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In fact, 19% of respondents in Senior Housing News’ 2021 outlook survey said they expect regional operators to be the biggest buyers of communities in 2021. A year prior, no respondents had picked them to the biggest buyers.
With regard to occupancy, top operational executives see two emerging trends that give them hope for the future: the growing rate of vaccinations in senior living, and upticks in new sales leads at the beginning of this year signaling pent-up demand.
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