Belmont Village President: Crisis Breeds Innovation, Opportunities

Like senior living providers across the nation, Belmont Village has been tested by the coronavirus pandemic. Yet, despite increased costs and operational complexities, Covid-19 is also spurring innovation and could present growth opportunities for the Houston-based provider, according to President Mercedes Kerr. After a decade with Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL), […]

Capital Senior Living Issues Going Concern Warning Due to Covid-19

The coronavirus pandemic continues to pressure operations across the senior living industry. For Capital Senior Living (NYSE: CSU), the crisis could threaten its ability to remain a going concern. The Dallas-based operator’s Q1 2020 earnings raised questions about its financial position if its communities remain secured to non-essential personnel for an extended period of time. […]

Brookdale Tests 20% of Communities for Covid-19, Makes Progress on Reopening

The nation’s largest senior living provider is making headway in its effort to test its residents and associates for Covid-19, and thus reopen more of its communities to move-ins. Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) has so far tested roughly 20% of the residents and workers at its 741 communities, according to CEO Cindy […]

Stabilized Senior Housing Occupancy Falls to 88.7% in April

The coronavirus pandemic sent occupancy rates for senior housing and skilled nursing communities on a downward trajectory in April, according to a new intra-quarterly report released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Senior housing stabilized occupancy among NIC’s 31 primary markets dropped 110 basis points to 88.7% — the […]

New CMS Guidance Can Help Assisted Living Buildings Re-Open, Testing an Issue

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 […]

Senior Living Providers Fear Hardest Weeks of Covid-19 Lie Ahead

Senior living providers have responded to enormous challenges since the Covid-19 pandemic reached the United States in mid-March, but the hardest weeks might now lie ahead. “I do think that the next 30 days are going to be the most crucial time for our company,” Milo Pinkerton, founder and CEO of Heritage Senior Living, told […]

Covid-19 Testing Mandates For Assisted Living Raise Questions About Access, Cost

As more states are now mandating that assisted living facilities test either residents, staff or both for Covid-19, providers that have been asking for widespread testing for weeks are now faced with logistical challenges and unanswered questions. This highlights the need for best practices and guidelines if testing mandates are going to become more commonplace, […]