The positive trends that emerged across Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) in the fourth quarter of 2020 accelerated late in the first quarter of 2021 — and continued in April. Leads and move-ins reached 2019 levels in March. Move-ins during March and April reached levels not seen since mid-2019, and occupancy gains […]
For Eclipse Senior Living CEO Kai Hsiao, the Covid-19 pandemic has proven that scale matters. He’s been getting more calls from mom-and-pop operators under stress, thinking about how to make an exit from the industry. And he notes that providers historically have not needed to have cash reserves to handle all the costs that the […]
Demand in the senior housing industry has withstood the pressures of Covid-19, and if current trends are any indication, the U.S. economy is ready to heat up, according to Debra Cafaro, chairman and CEO of Ventas (NYSE: VTR). “I think we are poised for a breakout to the upside in the economy,” Cafaro said Tuesday […]
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 […]
As more senior housing providers complete Covid-19 vaccination clinics and infections decline, owners are expressing renewed confidence that a rebound in occupancy is closer than expected, despite predictions of a prolonged recovery by analysts. Notably, even as lead generation has recently improved, some important sources of referrals have remained on the sidelines, Ventas (NYSE: VTR) […]
Last week brought the news that HCA Healthcare (NYSE: HCA) is paying $400 million for an 80% stake in the home health and hospice business of Brookdale Senior Living (NYSE: BKD). The move had long been rumored, with Brookdale’s need to shore up liquidity in the face of pandemic-related expenses adding urgency in recent months. […]
The most recent wave of Covid-19 infections across the U.S. had a deleterious impact on Ventas’ (NYSE: VTR) occupancy for its senior housing operating portfolio (SHOP) communities in the fourth quarter of 2020. And the trend is expected to continue through the first quarter of the new year. The dropoff was tempered, however, by two […]
Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]
Senior housing’s post-coronavirus recovery may take longer than some expect, with cash flows and occupancy not returning to pre-pandemic levels until 2025. That is according to a new report on the sector from BMO Capital Markets (NYSE: BMO). The Toronto-based investment bank and financial services firm, using proprietary modeling, studied historic market net absorption trends […]
As calendars flip to December, the exercise of reflecting on the past year and planning for the future is more necessary — and more difficult — than ever. How to sum up a year marked by Covid-19, protests for racial justice, and a presidential election, among other changes and upheavals? And what lessons can be […]