Stephanie Chedid was announced as the president and CEO of United Lutheran Program for the Aging (Luther Manor) on January 20.
To get an idea of why different fiscal rules seem to apply to the long-term care sector, look no further than Netflix.
Average operating margins increased dramatically in the last year for nonprofit senior living companies, according to a recent survey of C-suite executives.
Earning more than the cost of capital is not unreasonable and can generally be accomplished without taking extraordinary risks, but New York is hamstrung by investment restrictions. Investment returns are important to the financial health of a CCRC and can help minimize fee increases for residents.