There was some good news for the skilled nursing market, as NIC MAP’s Data Service reported that occupancy has increased for the third straight month. The April increase was 94 basis points, ending at 73.2%. The bad news was that the quality mix and skilled mix dipped from the prior month.
While these numbers may be reflective of what is happening overall, the data comes from just 28 providers with 1,391 facilities, so less than 10% of the entire national market. The stats are also dominated by California, Texas, Florida and North Carolina, so may not be reflective of your situation in Michigan. Hopefully even better.
The reality, however, is that the entire seniors housing and care industry is on the upswing, and that is truly something to celebrate, and it is about time. The path forward may not be straight up, especially if this Delta variant gets worse, but the media seems to be hyping this more than they should, especially for those of us who are vaccinated.
I hope you had a happy Fourth of July break, and now it is time to get back to work, get deals done, and turn those leads into move-ins!
