60 Seconds with Steve Monroe: Winners and Losers
As we have mostly finished with the third quarter earnings results, it does appear that the market continues to bifurcate between the winners and losers. Or, at least, between those who are successfully coming out of the pandemic and those who are maybe struggling to recover more than their peers. One example is CareTrust REIT which believes that its tenants will be above pre-pandemic occupancy levels by summer 2022, while others are looking at a year or two beyond that, or longer, and that is if they can successfully deal with the labor shortages and increasing wages. If they can’t deal with the labor problems, then their census issues will most likely remain a major headwind. Look, all... Read More »60 Seconds with Steve Monroe: Positivity Prevails at NIC
Steve Monroe reports positive sentiments about the future of the industry at NIC 2021. Read More »60 Seconds with Steve Monroe & Ben Swett: See Y’all in Houston
A lot has changed since we were last elbow bumping with people at the San Diego NIC conference in March 2020. There have been some other in-person conferences in the last few months, but next week’s NIC will be really the first time that the senior care industry is reunited since the pandemic. And we are looking forward to seeing everyone once again. When we’re in Houston, we’d love to hear about your experiences, the difficulties and your successes in the last year and a half whether as an operator, investor, lender or broker. And of course, about any deals you are currently working on. But we are also going to be asking for your predictions in 2022. Be forewarned. We also have our own... Read More »60 Seconds with Steve Monroe: Losing a Patriot, But Not to COVID
We lost a true patriot this week, Colin Powell, and I had the fortunate opportunity to meet him at my brother’s swearing in ceremony at the State Department. I think I committed a faux pas, however, as I brought his autobiography with me and asked him to sign it. I guess you just don’t do that with a sitting Secretary of State, in his office. But I did, and he obliged. What bothered me about the announcement of his death was that the family stated it was from complications from COVID-19. The reality is he was 84 years old, had Parkinson’s Disease and multiple myeloma, a cancer of plasma cells that suppresses the body’s immune system. The bottom line is that he was in bad health... Read More »
60 Seconds with Ben Swett: The Labor Problem Gets Worse
There’s no hiding from the labor shortage affecting senior care facilities. According to a September survey from the American Health Care Association and the National Center for Assisted Living, 99% of nursing homes and 96% of assisted living communities reported having either low-level, moderate-level or high-level staffing shortages. So only 1% and 4% of those facilities, respectively, are fully staffed? That is astounding. 28% of AL communities reported limiting new admissions because of the shortages, which is not good, but 58% of SNFs have had to turn away patients or referrals. Not only are they losing out on revenue, but they don’t have the opportunity to prove their worth in the... Read More »Schedule a demo
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