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 »
Senior Care Stocks Stay High After Vaccine News
After Pfizer’s vaccine announcement on November 9, pretty much every publicly traded senior care provider and REIT saw their share prices jump significantly. We believe that much of the exuberance was mainly from the removal of uncertainty surrounding both the vaccine and the election, but as we said earlier this month, it is not like no one thought a vaccine would not be available in the months ahead. And there was still the fact that the Pfizer vaccine needs to go through the FDA approval process, not to mention manufacturing tens of millions of doses, and then distributing them. But we also wondered if investors had gotten a little ahead of themselves,... Read More »
The New Skilled Nursing Investment Landscape
How have skilled nursing valuations changed, and when (if ever) will we get back to normal? Those were a couple of key questions in our November 19th webinar titled “Valuing SNFs During The Pandemic.” Our Managing Editor, Steve Monroe, hosted a panel with panelists Laca Wong-Hammond, Managing Director of M&A at Lument, Dan Booth, Chief Operating Officer of Omega Healthcare Investors, and David Reis, Chief Executive Officer of Senior Care Development, in which they discussed a range of topics on how the skilled nursing M&A market has been affected by COVID-19. Another question may be how has the business not changed? First, looking... 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 »
Welltower Provides Update Amid COVID Spread
Once again, we are not picking on Welltower, but as the largest healthcare REIT, and the one with the largest seniors housing owned portfolio (or SHOP/RIDEA), we believe they represent a pretty decent proxy as to what is happening. Occupancy in its SHOP portfolio has been steadily declining since February, but the rate of decline seemed to be abating. Gone are the days of 100+ basis point monthly drops, but October was the first month where the rate of decline (-40 basis points) actually increased since April. Month to date in November, it has already dropped by another 30 basis points (to 77.7%), so if that trend continues, we could see November at a 50-basis point... Read More »Schedule a demo
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