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, […]

Moody’s: Bond Defaults Loom As Covid-19 Hits Senior Housing Hard

No other U.S. public finance sector has been hurt more by the Covid-19 pandemic than senior housing and care, according to Moody’s Investor Service. “While many hospitals, entities with bonds secured by taxes frozen during the economic shutdown, and other types of enterprises are seeing some pinch, no other sector has seen the singular confluence […]

Covid-19 Makes Quest for Middle-Market Senior Living More Urgent Than Ever

The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]

Pennant Group Sits on $9.9M in CARES Act Money; Managing Covid-19 Pressures

As with other publicly traded owners, The Pennant Group (Nasdaq: PNTG) has been under pressure from the coronavirus pandemic since mid-March. The Eagle, Idaho-based owner is now seeing an uptick in home health census this month, as well as stabilization in its senior housing occupancy, and believes these trends can continue throughout the second quarter, […]

NHI Weighs Rent Relief, Notes Value of Triple-Net Leases in Accessing PPP

National Health Investors (NYSE: NHI) was not immune to the Covid-related pressures that other health care real estate investment trusts (REIT) have grappled with since mid-March. Occupancy rates decreased significantly in April, leads are in decline, tours are at a standstill and move-ins have slowed across its roster of senior housing operators. And while rent […]