The Vaccine Is Here, Now What
The coronavirus vaccine appeared sooner than most people expected, but the roll out may be bumpy. Senior care providers and residents are about to be the first people vaccinated against COVID-19. That is great news, and putting your politics aside, no one, me included, thought this would happen before year end. But it did. Now what? The media loves to film the first person getting a shot, but the full roll out will be a bit more cumbersome than the staff at a single hospital. Nursing homes and assisted living communities are on the priority list, but because their residents are healthier, IL communities are not. They will have to wait. And that is wrong. The big unknown is how many... Read More »
Capital Senior Living Zooms
After spending the summer and fall months trading at 50 to 70 cents a share, Capital Senior Living’s shares zoomed up last week. If anyone was watching the stock market last week, you had to notice that Capital Senior Living’s shares just zoomed. Since November 20, the price has almost doubled to $1.38, and last week alone they were up about 50%. Now, we do need some perspective, since the starting point was just 73 cents a share, so any movement results in an exaggerated percentage increase. Still, an increase is an increase. But why? I am sure there were some mutterings about someone buying the company. But if you do the math, it just doesn’t work. Using third quarter occupancy and... Read More »
Let’s Talk About Higher Wages
To succeed this decade, seniors housing and care will have to deal with its wage structure in order to succeed. The title today, Let’s Talk About Higher Wages, was actually the title of last Sunday’s editorial in The New York Times. As many of you know by now, there is not much I agree with in The Times, because of its liberal bias in general, and its frequent attacks on nursing homes. While the editorial was more from a policy perspective, believing that higher wages will drive economic growth, I still believe labor and wages will be “the” key issue moving forward in our sector, post-pandemic, of course. I keep hearing of staffing shortages in our sector, and this at a time when... Read More »
Being Thankful In A Bummer Year
With a pandemic and too many other problems, it is hard to be thankful at the end of 2020. But there are reasons to be. There is no question, it has been a bummer of a year on many fronts. Without trying to be too cute, however, there are many things to be thankful for in this year of trauma. First of all, if you are reading this, you are alive, and presumably well, so that is a good start. You are not in a hospital on a ventilator at death’s door where far too many have been this year. You still have a job when so many are without. Hopefully, you have not lost a family member to COVID, or a close friend, which we can be thankful for. But I am sure many of you have lost residents and... Read More »
Where Are The Gray Panthers?
Seniors in and out of seniors housing communities need to mobilize, and AARP has not been doing its job representing their members. Where are the Gray Panthers when you need them? Many of you may not remember this 1970s activist group that got its start when someone really objected to forced retirement at 65. This was a full 50 years ago today. As winter approaches and senior living providers prepare for another round of potential shutdowns, lockdowns, admission and tour bans because this pandemic is not going away, when will our senior citizens rise up and revolt? Senior living communities are “their” homes, and it is about time they stood up and said, hands off our homes. Yes, we... Read More »Schedule a demo
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