The Covid-19 pandemic put serious pressure on senior living providers’ bottom lines, but for continuing care retirement communities (CCRCs), those headwinds didn’t blow quite as hard.
In fact, CCRCs’ resilience will be talked about for years to come, Eric Mendelsohn, CEO of National Health Investors, said in a recent SHN+ TALKS.
As that conversation gets underway in the industry, there are some striking numbers that demonstrate CCRCs’ strength and suggest why these full-continuum communities fared so well. These include sector-wide occupancy figures but also some surprising occupancy trends among particular CCRC providers, as well as credit rating data and numbers related to the resident demographics, length of stay and costs of living in a CCRC.
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