Atria Ramps Up Covid-19 Testing as Pandemic Worsens Across US

With Covid-19 infection rates surging across the country, senior living providers are once again tightening restrictions and relying on pandemic response protocols established over the last eight months.  Atria Senior Living has consistently emphasized the importance of Covid-19 testing as a cornerstone of its strategy, and that again is in evidence. Over the last two […]

Investor Interest in Assisted Living Grows Amid Covid-19 ‘Flight to Quality’

The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities. At the same time, there is increased spread in Class A versus Class B acquisitions, illustrating “an investor flight to quality throughout the pandemic.” That’s according to the latest CBRE […]

How Covid-19 Led Covenant, Asbury to Swiftly Revamp Their Strategic Plans

Covid-19 is forcing senior living providers to reassess their strategic planning, and many are not waiting for the pandemic to subside to adapt. Notably, large nonprofit providers such as Asbury Communities and Covenant Living Communities & Services are learning to be more nimble with their strategic plans, prioritizing a handful of improvements that can be […]

37% of Nonprofit Senior Living and Care Providers Not Using Abbott Rapid Tests

A significant percentage of long-term care providers, including assisted living, are not using the Covid-19 rapid antigen tests developed by Abbott Laboratories, highlighting the need for direct access to multiple types of coronavirus testing, according to a new survey released Monday by LeadingAge. The nonprofit senior housing industry association received input from 547 of its […]

Capital Senior Living CEO: Increase in Voluntary Move-Outs is Likely Temporary

Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]

Five Star Sees Deep Concessions From Competitors, Resists Discounting

Leaders with Five Star Senior Living (Nasdaq: FVE) are focused on maintaining rental rates in the face of steep concessions that competitors are offering in some markets, as they seek to rebuild occupancy that has eroded due to Covid-19. The strategy to prioritize rate over occupancy could weigh on near-term results for Diversified Healthcare Trust […]