Two U.S. senators from Massachusetts and the chair of the House Oversight Committee are asking some of the largest providers of senior living in the U.S. to provide more information about their Covid-19 infection rates and response measures. Sens. Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.) and Rep. Carolyn Maloney (D-N.Y.) this week sent a letter […]
Category: Covid-19
President Donald Trump praised his administration’s efforts in protecting older adults from Covid-19 — but LeadingAge, an association of non-profit senior service providers, believes far more must be done. Trump announced the federal government’s newest move to aid older adults living in nursing homes during a White House event titled “Protecting America’s Seniors” Thursday. Included […]
Publicly traded senior housing owners and operators begin reporting their Q1 2020 earnings next week, but these financial results will be essentially irrelevant due to Covid-19. Analysts, investors and senior living professionals hope that the earnings reports and comments from executive teams will provide a clearer sense of Covid-19’s effects on the industry and what […]
The coronavirus pandemic is forcing providers across the country to spend more to maintain staffing levels. But it has also shined a light on how frontline workers have been cobbling together a living wage before and during the crisis at times by working for multiple providers or pulling shifts across different communities. With workers under […]
Real estate investment trusts (REITs) with significant exposure to senior housing could be facing a “sharp, prolonged deterioration in credit metrics,” rating agency Moody’s stated in a report issued Wednesday. In particular, these REITs run the risk of rent deferrals and other types of restructurings if shelter in place restrictions related to the coronavirus pandemic […]
Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]
In the age of Covid-19, adopting a policy of full disclosure can make senior living providers more vulnerable to unwanted attention from the local media, residents or their families. But while a proactive, transparent approach to communications may lead to short-term headaches during an already tough time, doing so now is important in building long-term […]
As much as Covid-19 is currently disrupting senior housing, the long-term ramifications of the pandemic on the industry are yet to be determined. One thing is for certain — the industry will look markedly different when the crisis is over. Short-term solutions such as staff wearing full personal protective equipment (PPE), heightened disinfectant and isolation […]
Online job search company Monster is teaming up with the Massachusetts Senior Care Association and the MIT-based Covid-19 Policy Alliance to help fill more than a thousand jobs in long-term care — and the state of Massachusetts is offering $1,000 in potential bonuses for new recruits. Under the new initiative “From Home to Help,” Monster […]
Over the past decade, mixed-use communities became a popular living arrangement for seniors — thus making it an attractive development opportunity. But the Covid-19 pandemic threatens to change the equations that made that product work, while presenting opportunities for those who see how mixed-use might change in the new normal. While the pandemic is deadly […]
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