More senior housing providers are turning to rent concessions to entice move-ins and boost occupancy rates as the coronavirus pandemic approaches its eighth month of disrupting the industry. And an overwhelming number of providers are relying on overtime pay, as well as agency labor, to fill staffing vacancies. These are two of the key findings […]
Category: Covid-19
The Covid-19 pandemic has created myriad problems for senior living providers. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. With Covid-19 surging in markets around the country, we kick off the series by asking: How do […]
Senior living workforce challenges mounted over the course of the summer, with employee engagement falling and turnover increasing. That’s according to data gathered by Activated Insights from about 250,500 senior living and care employees. Activated Insights is the senior care division of Great Place to Work, the organization that puts together the annual Great Places […]
The Covid-19 pandemic has created impediments to development, but Aegis Living is still on track to double its portfolio size within a decade. The Bellevue, Washington-based assisted living and memory care provider currently has 32 communities in operation and eight under development. So, about three communities need to be added each year for the next […]
A sizable cohort of senior housing residents and their families do not want to be tested for Covid-19, while an equal-sized segment is willing to be tested monthly. Senior housing residents and their families also are overwhelmingly satisfied with the industry’s response to Covid-19, and want tighter community restrictions on visitors to remain in place […]
The Covid-19 pandemic has drastically accelerated the adoption of technology within senior living, with communities across the nation rapidly implementing a variety of tools. One of the most high-profile tech rollouts of 2020 has been occurring at buildings operated by Merrill Gardens, where Google has been deploying Nest Hub Max devices with adaptations for older […]
The coronavirus pandemic has pushed many senior living providers to think about new ways to include health care partners in their operations. For Ascension Living — the senior care subsidiary of St. Louis-based health system Ascension — having the backing of a large health care player has been an advantage. When the Covid-19 hit earlier […]
Covid-19 vaccines could be coming to long-term care providers across the country at no cost as part of a deal between the U.S. government and two major retailers: Walgreens Boots Alliance (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the plan — which is dubbed the Pharmacy Partnership for Long-Term Care Program — CVS and […]
Kisco Senior Living is moving toward more normalized operations by utilizing rapid, “pooled” Covid-19 testing — similar to the approach taken by the National Basketball Association (NBA) and the National Hockey League (NHL). “We’re excited about what it’ll bring to our residents and the confidence it provides our families,” Ed Ward, vice president of operations […]
Last year, it looked as though senior housing would remain among the most attractive real estate prospects for investors and developers in 2020 — then came Covid-19. No doubt spooked by a deadly disease that disproportionately affects older adults, investors and developers turned their attention to other property types when looking ahead to 2021, including […]
Subscribe
Receive industry updates and breaking news from SHN