While some other senior living providers are pausing growth plans during Covid-19, one small nonprofit in a state with a fast-growing population of older adults believes the best course of action is to extend its reach. Kalispell, Montana-based Immanuel Lutheran broke ground last month on an expansion to its campus — a collection of four […]
Category: Covid-19
Like other providers throughout the senior living industry, LCS battled hard when Covid-19 reached U.S. shores in early spring. LCS prioritized resident and staff safety, and dealt with the same operating pressures as the industry at large in April and May, when outbreaks were at their highest. Then, it was June that marked a financial […]
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 […]
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 […]
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 […]
March 17 was the day everything changed for Brookdale Senior Living (NYSE: BKD). In the months leading up to that day, President and CEO Cindy Baier had watched the novel coronavirus from afar as outbreaks spiked outside the U.S. She thought it might hit the provider like a severe flu season, causing days-long community lockdowns […]
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 housing investors should be considering how their potential returns will be affected by the timing of a Covid-19 vaccine. The good news is that even if a vaccine is not widely available until a year from now, and the financial performance of communities deteriorates until then, senior living still remains an attractive investment due […]
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, […]
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 […]