The senior housing business, which was one of the hardest-hit commercial property sectors early in the pandemic, is now getting hammered by rising labor costs as it takes a lead role in mandating vaccines for employees. Within weeks, nursing homes that don’t require workers to be vaccinated against Covid-19 won’t be able to participate in… Continue reading Senior Housing Industry Faces Higher Costs as It Plays Lead Role in Vaccine Mandates
Tag: senior living insurance
COVID-19 Pushes Insurers to Curb Appetite Even Further in Senior Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said. Residential care communities like nursing homes and assisted-living facilities had already faced escalating prices and a dearth of insurance providers for years.… Continue reading COVID-19 Pushes Insurers to Curb Appetite Even Further in Senior Market
Coronavirus Lands Another Blow to Senior Housing Operators
A number of big landlords are offering rent relief to senior housing operators, the latest sign of trouble for owners in an industry that was struggling even before the new coronavirus pandemic. Ventas Inc., one of the country’s largest owners of senior housing, is offering businesses that operate about one-fifth of its portfolio a 25%… Continue reading Coronavirus Lands Another Blow to Senior Housing Operators
Coronavirus Upends Senior-Housing Business
The coronavirus has been sending shares of elder-care facilities into a tailspin over concern that any additional contagion in senior-care buildings could hurt operations and lead to occupancy declines. In the Seattle area, 11 elder-care facilities have reported that Covid-19 has turned up among residents or workers. Analysts and investors are concerned that potential new… Continue reading Coronavirus Upends Senior-Housing Business
WTW Launches a Safe Resident Moving Program Aimed at Reducing Accidents at Senior Living Communities
Willis Towers Watson, a leading global advisory, broking and solutions company, today launched the Safe Resident Moving and Positioning Program, that provides guidance for nurses and caregivers working in senior living communities – with an emphasis on moving and positioning their residents. The program includes methods for determining the amount and type of assistance a… Continue reading WTW Launches a Safe Resident Moving Program Aimed at Reducing Accidents at Senior Living Communities
Baby Boomers Not Opting for Senior Housing
It seemed one of the surest bets in real estate: build senior-housing facilities that cater to aging baby boomers who will require more care. The problem is, boomers haven’t much cooperated. The supply of senior housing has soared in recent years after many investors struck on the same idea. The market has added more than… Continue reading Baby Boomers Not Opting for Senior Housing