Assisted living continues to boom in the seniors housing market, but caution is needed as more units are slated to open in mid-2014, said experts Thursday at the annual meeting of the National Investment Center for the Seniors Housing & Care Industry.
The deadline for entering the McKnight's Excellence in Technology Awards has been extended to July 31. The awards are open at no cost to skilled nursing and assisted living operators, and CCRCs. Winners will receive acknowledgement in the print and digital editions of McKnight's.
The occupancy rate for nursing homes was steady at 82% between 2000 and 2011, according to the most recent national health report from the Centers for Disease Control and Prevention. The number of Medicare-certified SNFs increased between 2000 and 2010.
Given many states' attempts to rein in Medicaid spending, and ongoing troubles in the housing market, long-term care operators are starting to consider new approaches to protect their margins, according to the "Senior Housing Research Report" from Marcus & Millichap.