Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
“The whole month of March was a blur, everything was happening so fast.” These are the words of Seasons Living President and COO Dan Williams, but they reflect an experience that many, if not all, industry leaders went through last month. Within the space of just a few weeks, Williams went from concern and confusion […]
Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO […]
Senior living providers are working around the clock to address an increasing number of Covid-19 cases and prevent further infections — and these efforts come at a steep cost from a dollars-and-cents perspective. The industry as a whole is facing an adverse economic impact of between $40 billion and $57 billion over the next 12 […]
Phoenix Senior Living will begin providing care for people who in normal circumstances would be hospitalized, to help overburdened hospitals in Atlanta maintain capacity for the most critically ill patients during the Covid-19 pandemic. Roswell, Georgia-based Phoenix operates 19 communities in its home state, with the majority of those buildings in and around Atlanta. Initially, […]
Hospitals across the United States are taking urgent steps to free up beds for people with Covid-19. The result could be a cascade of patients through the health care continuum, which would ultimately drive move-ins to assisted living communities and could disrupt their business model in potentially lasting ways. The scenario taking shape is that […]
Senior living providers nationwide have been working diligently to prevent Covid-19 infections in their buildings — but an overwhelming majority believe that the coronavirus will appear in their communities. Nearly 80% of respondents to a Senior Housing News survey said that Covid-19 is likely to appear in their buildings that have not yet had diagnosed […]
The senior housing industry is facing steep challenges that shift each day as the Covid-19 pandemic spreads and the nation’s response evolves. In this dynamic environment, making predictions could be a fool’s errand, yet owners, operators and investors are seeking some basis around which to craft strategies. With this in mind, here are three scenarios […]
As the Covid-19 crisis swiftly escalated across the United States over the last two weeks, senior living providers sprang into action, reconfiguring every aspect of operations. The effort has demanded unparalleled coordination between corporate offices and community frontlines, and necessitated constant communication with associates, residents and residents’ loved ones. Omaha, Nebraska-based Heritage Communities created a […]
Mass layoffs put thousands of people out of work in the United States over the last two weeks as the Covid-19 crisis deepened. Senior living providers hope to recruit and hire many of these newly unemployed people — and one major regional provider is well on the way to doing so. Over the one-week time […]