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 Update
On Wednesday we wrote about the sudden rise in the share price of Capital Senior Living, doubling in value in a couple of weeks, which usually indicates rumors of some sort of a potential capital transaction. But the only news that came out was the stockholders’ approval of a 1-for-15 reverse stock split. What was weird was that at the annual shareholders’ meeting they were given three options. Including the one above, there was also a 1-for-10 and a 1-for-20 split, approving all three and letting the Board decide which one to go with. We have never seen that happen. With the 1-for-15 reverse split, Capital Senior Living will now have just 2,084,596 shares... 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 »
It’s Not Just A U.S. Problem
The nursing home sector came under heavy criticism, and we might say “heavy-handed” criticism, during this pandemic, especially in the early months. Many of the naysayers, especially the media (hey New York Times, are you listening?), blamed the huge spike in deaths at nursing homes on the providers themselves and the so-called “lax” regulations, especially under the Trump administration. But in the more socialist-leaning countries of Europe, the death rate in nursing homes was not only high, but has been spiking again. This is despite the staff being better equipped than they were eight months ago during the first wave when no one really knew what was hitting them. ... 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 »Schedule a demo
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