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 […]
Continuing care retirement communities face unique challenges in responding to the Covid-19 pandemic. Their large sizes, multiple entry points, varying levels of care acuities and layers of government regulations place added pressures on ensuring the safety of residents and containing the spread of the virus if someone tests positive. But providers can adapt their communicable […]
The Covid-19 pandemic is disrupting the senior care industry in unimagined ways, and likely will for the foreseeable future. In spite of lockdowns and precautionary measures taken by operators and owners across the country, however, senior living communities remain open for business — and sales and marketing teams are remaining busy but working in drastically […]
The impact of the Covid-19 pandemic has yet to seriously impact the construction industry, but experts believe that it is a matter of when, not if, the crisis will have deleterious effects on construction timetables, supply chains and an already shallow labor pool. For expensive construction projects such as senior housing, that can lead to […]
Assisted living and skilled nursing facilities across the U.S. already contending with acute shortages in personal protective equipment amidst the evolving Covid-19 pandemic will soon run out of supplies unless drastic and creative actions are taken. Without such action, 20% of assisted living and skilled nursing facilities will run out of PPE inventory within the […]
Assisted living communities that have on-site primary care could gain a range of benefits — including advantages in battling Covid-19. However, bringing primary care into assisted living is not for the faint of heart, according to Brian Cloch, Principal at Innovative Health. “This is really, really hard,” he said, during a recent interview for the […]
Relatively few senior living communities across the United States are dealing with diagnosed cases of Covid-19 within their walls, but every community has been struck by one serious effect of the pandemic: fear. “This is creating a lot of anxiety for our residents and our families and our team members,” Chris Guay, founder and CEO […]
Local bans on public gatherings to prevent the spread of Covid-19 have shuttered restaurants, bars and nightclubs across the country, leaving many suddenly out of work or uncertain where their next paycheck will come from. But the senior living industry could help absorb some of the blow by hiring these workers, which would also fill […]
The senior housing mergers and acquisitions market continued to hum along as the first cases appeared in communities, and even if a temporary slowdown occurs as the crisis deepens, dealmaking could surge dramatically when the pandemic wanes. “We may see deals get delayed if a lender decides to sit tight and wait, but I truly […]
Senior housing-related stocks fell sharply on Thursday amid a dramatic market plunge tied to coronavirus fears. The Dow Jones Industrial Average was down 10% at market close, in the worst drop for the index since “Black Monday” in 1987. The Nasdaq composite was down 9.4% at the close. Several senior housing-related stocks fell even more […]
