A dramatic increase in business for a new startup, Cohana, suggests just how much Covid-19 has fueled interest in small home-style senior living. Based in Miramar, Florida — in the Miami/Ft. Lauderdale metro area — Cohana was founded in September 2019 by the husband and wife team of David and Jennifer Phillip. In addition to […]
Category: Assisted Living
The Covid-19 pandemic put some senior living expansion projects on ice earlier this year, but some companies continue to expand and even see greater opportunities for growth. Among these are two regional providers that have found success providing a continuum of care for seniors. Danbury Senior Living recently began accepting reservations for new independent living […]
Like the senior living industry at large, Artis Senior Living followed guidance from the Centers for Disease Control and Prevention (CDC), as well as state and local public health departments, in responding to the coronavirus pandemic. But the information from those agencies was fluid in nature, and often contradictory. So Artis decided it needed a […]
Faced with operational pressures related to Covid-19, many providers say they will only be able to sustain current operations for up to 12 months. That’s according to the results of a new survey from the National Center for Assisted Living (NCAL). NCAL polled 193 assisted living operators across the United States from August 8 through […]
Senior housing occupancy rates last month fell at their fastest pace since the early days of the coronavirus pandemic. Assisted living occupancy, notably, fell 170 basis points to 82.9%, according to the latest intra-quarterly report from the National Investment Center for Seniors Housing & Care’s (NIC) NIC MAP data service. That is near a record […]
Genesis HealthCare’s (NYSE: GEN) future as a going concern is in “substantial doubt” as a result of financial and operational strains stemming from the coronavirus pandemic — pressures that were brought into stark relief in its second quarter of 2020 earnings. The company’s portfolio of 361 facilities is dominated by skilled nursing but includes 23 […]
Pharmaceutical giant Eli Lilly (NYSE: LLY) on Monday launched a late-stage clinical trial in long-term care facilities for its Covid-19 antibody treatment. The Phase 3 trial, dubbed BLAZE-2, is being conducted in partnership with the National Institute of Allergy and Infectious Diseases (NIAID), and will enroll up to 2,400 residents and staff at nursing homes […]
More than 7,000 assisted living residents may have died from Covid-19 in the United States, according to a new report based on information that federal lawmakers gleaned from providers. The report suggests that the numbers may actually be higher, since deaths in assisted living facilities are not reported to the federal government, an issue that […]
The American Health Care Association/National Center for Assisted Living (AHCA/NCAL) is seeking $5 billion from the federal government to aid assisted living communities as they grapple with Covid-19. The industry association asked the U.S. Department of Health & Human Services (HHS) for the funding relief to help support the senior living industry’s outsized testing, supply […]
On Monday, the Centers for Medicare & Medicaid Services (CMS) issued guidance to ensure that nursing homes have safe re-opening plans as states prepare to relax lockdowns stemming from the coronavirus pandemic. The guidance includes benchmarks that may be adopted by independent living and assisted living communities transitioning from their own access restrictions. But it […]