The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]
NIC
Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO […]
Hospitals across the United States are taking urgent steps to free up beds for people with Covid-19. The result could be a cascade of patients through the health care continuum, which would ultimately drive move-ins to assisted living communities and could disrupt their business model in potentially lasting ways. The scenario taking shape is that […]
The senior housing industry is facing steep challenges that shift each day as the Covid-19 pandemic spreads and the nation’s response evolves. In this dynamic environment, making predictions could be a fool’s errand, yet owners, operators and investors are seeking some basis around which to craft strategies. With this in mind, here are three scenarios […]
Assisted living communities that have on-site primary care could gain a range of benefits — including advantages in battling Covid-19. However, bringing primary care into assisted living is not for the faint of heart, according to Brian Cloch, Principal at Innovative Health. “This is really, really hard,” he said, during a recent interview for the […]
Senior housing-related stocks fell sharply on Thursday amid a dramatic market plunge tied to coronavirus fears. The Dow Jones Industrial Average was down 10% at market close, in the worst drop for the index since “Black Monday” in 1987. The Nasdaq composite was down 9.4% at the close. Several senior housing-related stocks fell even more […]
About 30% of assisted living residents are enrolled in a Medicare Advantage (MA) plan, which is just slightly lower than the roughly 34% of seniors living in private housing who are enrolled in MA. Nearly the same percentage of independent living residents — almost 31% — are Medicare Advantage beneficiaries, according to a new data […]
Private equity investment in senior housing has gained momentum over the last several years and could reach new heights in 2020 — which might spell trouble for the industry down the road. Specifically, some private equity funds may be coming to the space for the first time with unrealistic expectations, which could result in a […]
Since stepping down as NIC’s CEO in 2017, Bob Kramer has shifted his role with the organization from its leader to its resident “agent provocateur.” Now, he’ll spend less time doing that, too — but that doesn’t mean he’s leaving the senior living industry or NIC, either. Kramer just wrapped up a two-and-a-half-year period in […]
As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either. That’s because many of the disruptive forces that have molded the industry in recent years aren’t going […]