Nonprofit life plan communities — particularly those with stronger credit ratings — have done an effective job of keeping Covid-19 at bay and are withstanding immediate financial pressures. However, the sector as a whole still faces numerous challenges and uncertainties as the pandemic drags on. This was the message delivered Tuesday by Fitch Ratings, in […]
In the last 30 days, senior living referral service A Place for Mom developed and beta-tested a new virtual tour application. The app is meant to help communities address pain points that have arisen during the Covid-19 pandemic, A Place for Mom CEO Larry Kutscher told Senior Housing News. Regardless of whether a senior living […]
With more than 180 communities across the United States — including many in the hard-hit New York City metropolitan area — Atria Senior Living has had to get creative to develop and execute a large-scale Covid-19 response. There have been lessons learned along the way, but the Louisville, Kentucky-based company has hit on innovative approaches […]
Compared to April 2019, consumer inquiries into senior living communities decreased 41% last month, and move-ins were down 22%. That’s according to data from more than 2,200 communities, compiled and analyzed by Enquire, a company that offers customer relationship management, marketing automation and contact center solutions to the industry. The numbers help quantify the stark […]
Covid-19 has caused a slowdown in senior housing construction across the country, and will delay one of the largest projects underway: the Manhattan highrise that will launch Maplewood Senior Living’s Inspir brand. Initially scheduled to open at the end of Q1 2020, Inspir Carnegie Hill now is on track to open in the third quarter […]
In mid-April, Transforming Age evacuated an assisted living community near Minneapolis due to a Covid-19 outbreak. Last week, the provider announced that the building, Meridian Manor, will not reopen. Other closures are “absolutely” likely to become more commonplace in the senior living industry as Covid-19 testing becomes more widespread, Transforming Age President and CEO Torsten […]
Publicly traded senior housing owners and operators begin reporting their Q1 2020 earnings next week, but these financial results will be essentially irrelevant due to Covid-19. Analysts, investors and senior living professionals hope that the earnings reports and comments from executive teams will provide a clearer sense of Covid-19’s effects on the industry and what […]
Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]
Working in a senior living community in the midst of Covid-19 is far from easy, but for many associates, stress is stemming largely from their situations at home. Senior living providers that can find ways to alleviate these challenges could retain more workers in this time when maintaining staffing levels is crucial. In a recent […]
Robert Kramer, the founder of the National Investment Center for Seniors Housing & Care (NIC), has launched a new consulting firm called Nexus Insights. Despite being an optimist, Kramer fears that if the senior living industry on a large scale fails to overcome the fear of communal housing caused by Covid-19, an entire generation of […]
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