As the Covid-19 pandemic continues to disrupt all facets of the senior care industry, providers can take solace in knowing that consumers are still seeking out senior living, and most are still accepting new residents. However, this message — that many senior living communities are still welcoming new residents who may have pressing needs — […]
A surge of interest depleted the $350 billion payroll protection program (PPP) in just under two weeks — but senior living companies that missed out on those loans may not be out of options just yet. Senior living owners and operators facing cash flow issues due to the Covid-19 pandemic may find relief in the […]
The Covid-19 pandemic has put overwhelming pressures on senior living providers — and some are offering additional psychological health services as a way to help residents, staff and family members cope in the meantime. While many senior living communities are well-equipped to deal with the physical care of their residents, they don’t always have the […]
Like other senior living executive directors across the United States, Max Rheinhardt III had to scramble last month as the Covid-19 crisis escalated. With this staff suddenly down by about half, he moved quickly to secure The Firs, an independent living community operated by MBK Senior Living. Now, the challenges remain intense, but they have […]
In the midst of Covid-19, senior living providers are under intense pressure to prevent residents from going to the hospital or other health care settings where they risk becoming infected with the coronavirus. But it’s more difficult than ever to accomplish this goal, because senior living providers also need to limit the number of health […]
The Covid-19 pandemic is changing many aspects of the senior housing industry, including the prospects for new development. While the long-term ramifications are still unclear, there are early indications the pandemic will make banks more cautious about the sector and create new opportunities for middle-market projects, among other changes. That’s according to Ryan Haller, an […]
Many senior living activities programs ground to a halt when the Covid-19 pandemic forced residents to self-isolate in their rooms starting in March. But in the time since, providers across the country have come up with a range of ways to keep residents entertained and engaged — an effort that becomes increasingly important as the […]
About two weeks ago, American Seniors Housing Association (ASHA) President David Schless read a news article that has been “gnawing” at him ever since. The article reported that bus drivers in Detroit would be among the first groups given rapid Covid-19 tests from Abbott Labs. “We need those. Our industry needs access to that,” Schless […]
McFarlin Group is launching a $100 million fund to acquire senior housing assets at risk of becoming distressed in part by the coronavirus pandemic. While many senior housing lenders and investors are retreating to the sidelines during the environment of peak volatility caused by the outbreak, the Dallas-based fully integrated senior housing firm is among […]
GenCare at Point Ruston, a new community in Tacoma, Washington operated by GenCare Lifestyle, received its first move-ins on March 2, nearly six weeks after Washington state reported the first U.S. coronavirus case. When the doors opened, GenCare at Point Ruston had move-in commitments from 47 seniors. By the time Governor Jay Inslee announced a […]
