This story is part of your SHN+ subscription Expensive and more expensive are the two main price points for many assisted living communities in 2026. That was the sentiment of Agemark Senior Living Co-CEO Michael Pittore, who recently told me that the senior living industry must face the fact that “our product is not affordable.” […]
HealthTrust
This article is part of your SHN+ subscription Almost half of all senior living communities in the U.S. are 25 years old or older, and the rate of new construction is at a low not seen since 2012. Senior living inventory is actually decreasing in a handful of markets. Those are big problems for the […]
Editor’s Note: Join us at the upcoming BUILD & BRAIN Conference to hear more about these trends from several of the industry leaders quoted in this piece, including Belmont Village CEO Patricia Will, Archwood Senior Living Founder Trent Czisny and GSI/Transforming Age Chief Investment Officer Katie Pelczar. Click here for details and register to join […]
A group of senior living industry stakeholders are backing a new referral company aiming to match prospective residents with communities in the same way an online dating service might. The new service, Referah, officially launched Tuesday. Unlike other more traditional lead aggregator services, the service is meant to give operators a smaller stream of more […]
Depressed occupancy, staffing shortages, higher expenses, compressed margins, community age — these are some of the forces that have affected senior living valuations in the age of Covid. According to the latest data from senior housing and health care real estate advisory services firm HealthTrust, average senior living sale prices per unit dipped slightly last […]
Early in 2020, senior living operators had hoped the pandemic would result in only a temporary hit to margins. They are still under bottom-line pressure as the pandemic enters its third year. The industry is reeling from a one-two punch of depressed occupancy and elevated expenses, with inflation on the rise and workforce challenges leading […]
Length of stay has long been a top focus for senior living operators — and never more so than today, as they seek to reverse trends caused by the Covid-19 pandemic. In the years leading up to the pandemic, average length of stay in assisted living was thought to be about 22 months, according to […]
There are signs that Covid-19 has propelled more senior living providers to consider diversification strategies, adding new ancillary service lines as a financial and strategic play. The trend was already underway before the pandemic struck, but with Covid-19 eroding occupancy to historically low levels, providers have recognized the risks in tying revenue almost entirely to […]
For much of the past 20 years, capital expenditure allocations in senior living have been largely trapped in amber. That has changed in recent years. Faced with aging buildings and competition from new communities and operators, CapEx spends have grown gradually since 2015, and even buildings delivered within the past decade are undergoing renovations, Green […]
Covid-19 has placed significant strains on the margins of senior living providers, and pandemic-related costs will continue to hit the industry as 2020 draws to a close. As the pandemic enters its seventh month, however, many providers are moving past the management phase of the outbreak that defined the summer months and into a period […]
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