Commonwealth Senior Living managed to offset pandemic-related occupancy loss and post a quarter-over-quarter increase in net operating income (NOI) by continuing to drive rate growth in Q2. “The results are particularly impressive considering the ongoing pandemic,” Scott White, CEO of Invesque (TSX: IVQ.U and IVQ), said Thursday on the Carmel, Indiana-based real estate investment company’s […]
Category: Covid-19
As the coronavirus pandemic drags on, it’s clear to many senior living providers that this is a marathon, not a sprint. But spending month after month protecting residents against a deadly disease can take a toll on caregivers’ mental and physical health. That lesson has come through loud and clear for providers such as Bloomfield, […]
Murfreesboro, Tennessee-based National Health Investors (NYSE: NHI) collected approximately 100% of rent in Q2 2020 and posted solid quarterly earnings; looking ahead, the real estate investment trust (REIT) is taking steps to support its tenants in light of ongoing pandemic-related challenges. That is the backdrop for an agreement to defer $2.1 million in third-quarter 2020 […]
Genesis HealthCare’s (NYSE: GEN) future as a going concern is in “substantial doubt” as a result of financial and operational strains stemming from the coronavirus pandemic — pressures that were brought into stark relief in its second quarter of 2020 earnings. The company’s portfolio of 361 facilities is dominated by skilled nursing but includes 23 […]
Senior living providers have succeeded in recruiting displaced hospitality workers during Covid-19 — but some positions are harder to hire for than others. Just ask Adam Kaplan, founder and CEO of Solera Senior Living, a Denver-based senior living provider with three senior living communities under management today and another six in the works. In March, […]
As with its other REIT peers, Ventas’ (NYSE: VTR) senior housing segment continued to lag from the impact of Covid-19 in the second quarter of 2020, but is encouraged from positive trends emerging after the pandemic’s initial disruption. Its roster of operators achieved sustained intra-quarterly improvements in leads, movements and clinical results after the massive […]
Assisted living providers have been largely overlooked by the government’s financial support programs during Covid-19. Even Gardant Management Solutions — a large provider with significant Medicaid revenues — had to wait a long time for federal aid. The provider had to wait until early July to apply for assistance through the $15 billion CARES Act […]
Healthpeak Properties’ (NYSE: PEAK) senior housing segment continues to struggle from the impact of Covid-19. But with a full quarter of operations during the outbreak under its belt, there are signs that the health care real estate investment trust (REIT) has entered the management phase of the pandemic. Occupancy declines are slowing on a sequential […]
SRG Senior Living came into 2020 with momentum, having raised the bar on its wellness model while pursuing several other innovative initiatives in recent months and years. The Solana Beach, California-based provider is now benefiting from that hard work in its response to Covid-19, Founder and CEO Michael Grust told Senior Housing News. Notably, its […]
Pharmaceutical giant Eli Lilly (NYSE: LLY) on Monday launched a late-stage clinical trial in long-term care facilities for its Covid-19 antibody treatment. The Phase 3 trial, dubbed BLAZE-2, is being conducted in partnership with the National Institute of Allergy and Infectious Diseases (NIAID), and will enroll up to 2,400 residents and staff at nursing homes […]
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