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 […]
HealthTrust
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 […]
The federal government likely will make more funds available to assisted living providers soon, although it is unclear how much will be directed to the industry, and further help is needed given an estimated $17 billion financial impact that Covid-19 is set to exact on the senior living industry. This is the message from the […]
In the past six months, many U.S. senior living providers have watched their revenues dry up as their expenses skyrocket. But that doesn’t mean there aren’t tools available for them, either. On the expenses side, there are avenues for controlling costs in the budget even as testing, personal protective equipment (PPE) and labor costs become […]
The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]