Assisted Living Communities With These Characteristics Tend to Have More Covid-19 Cases

Assisted living communities tend to have more Covid-19 cases if they serve older residents, people with certain diagnoses, or a larger proportion of people from minority demographic groups. These are among the findings from researchers out of the University of Rochester, who analyzed seven states’ publicly available data on Covid-19 infections in assisted living. The […]

52% of Senior Housing Leaders Say Operating Expenses Will Be Permanently Higher

A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]

Capital Senior Living CEO: Pandemic Shows Industry’s Value Proposition Must Be Clearer

The Covid-19 pandemic has renewed a longstanding debate about whether lifestyle-driven hospitality services or health care should be prioritized in future senior living operational models. Kim Lody, CEO of Capital Senior Living (NYSE: CSU), believes that the debate may not have a cut-and-dried answer, but the pandemic shows that providers must clear up confusion on […]

$221M Package Refinances Most of Brookdale’s Near-Term Debt

Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]

Senior Living Marketing Leaps Into Digital Age With Innovations, Investments

In the first quarter of 2020, Vitality Living’s Facebook presence had a total of 11,000 impressions. As Covid-19 gripped the United States, however, the Brentwood, Tennessee-based provider began to use the social media platform more aggressively. Senior leadership and executive directors provided daily live updates of its pandemic response across its 16 communities in Alabama, […]

‘This Isn’t Sustainable’: Covid-19 Testing Pushes Senior Living Providers Closer to Financial Crises

The financial burdens of the coronavirus pandemic have squeezed senior living margins for months — but some providers are now openly wondering how much longer they can operate normally without an even greater level of federal support. The federal government has pledged to offer some support to the private-pay sector, both in the form of […]