Senior living providers recovering from the pandemic are using discounts and concessions to regain occupancy, raising concerns about price wars as companies across the industry strive to rebuild occupancy. In November 2020, providers such as Five Star Senior Living (NYSE: FVE) were already observing deep discounts and concessions in the market. Other data, including mystery […]
The National Investment Center for Seniors Housing & Care (NIC) is strengthening its data analytics platform. The industry group this week announced the acquisition of VisionLTC, a data analytics platform based in Raleigh, North Carolina. The platform will be integrated into the group’s NIC MAP data service to create a new platform, NIC MAP Vision. […]
As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond. While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In […]
Four years ago, Waltham, Massachusetts-based senior living provider Benchmark launched The Branches. The assisted living and memory care-focused brand targets the middle market, promising communities that offer a more affordable price point without sacrificing their attractiveness or approach to activities and socialization. Founded in 1997, Benchmark brings in about $500 million in annual revenue and […]
The Alzheimer’s Association recently released a report that found patients with dementia were more likely to contract Covid-19 than their healthier counterparts. It’s a reality known all too well by memory care providers, which had endured several years of headwinds before the pandemic forced them to confront even more harrowing challenges. Now, they are trying […]
Occupancy for life plan communities dipped to 85.7% in the fourth quarter of 2020, representing a new low for the product type, but the rate is still far higher than what the wider industry is seeing. That’s according to a new analysis from specialty investment bank Ziegler and Lana Peck, senior principal with National Investment […]
One month into 2021, senior housing occupancy sits at all-time low levels, and it likely will take a year or more for census to recover to pre-pandemic levels. That’s the take of three industry leaders who participated in the January 29 webinar on the financial outlook for senior housing in 2021, hosted by Senior Housing […]
The arrival of coronavirus vaccines is having a positive impact on customer confidence in senior housing. More than 2.7 million doses of Covid-19 vaccines have been administered to residents in nursing homes, assisted living facilities and other senior living settings as of January 26, according to the latest executive survey insights report conducted by the […]
A new president and a new Congress could accelerate the distribution of Covid-19 vaccines, change the federal minimum wage and set crucial public health policies related to Medicare Advantage and other programs. The senior living industry will play an important role in how these actions unfold in the coming months and years — but what […]
Senior living occupancy rates have reached a new low as pressures from the Covid-19 pandemic continue. Furthermore, the number of senior living operators with occupancy rates below the market average grew in 2020. But the prospect of a vaccine on the horizon offers a glimmer of hope for the coming year. U.S. senior housing occupancy […]