Strategic insights to help you plan for better economic times ahead
The Center for Excellence in Assisted Living offers a comprehensive review this month on "the impact of the economic downturn on consumers and providers." Providers are facing mounting challenges, citing losses to endowments and reserves, shrinking assets of residents and clients, and reduced occupancy and charitable support. But there is rising optimism and the story discusses key investment and planning strategies providers are taking now.
A news release issued recently by the The National Investment Center for the Senior Housing & Care Industry (NIC) looks at the impact on mean occupancy rates, revealing that those "for assisted living, skilled nursing and continuing care retirement communities (CCRCs) held steady" through the end of last year.
Ziegler Capital Markets, in a recent newsletter, "examines the impact of this crucial market on move-ins to senior living communities." The story reports on several move-in and incentive programs, including advocacy and deferral, that senior living campuses are undertaking in these challenging economic times.
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