Long-term care operators cautiously optimistic about future, capital still scarce, Kramer of NIC says

Share this article:
Robert Kramer
Robert Kramer

The economic downturn has tested long-term care operators and they feel stronger as a result of it, Robert Kramer, president of the National Investment Center for the Seniors Housing & Care Industry, suggested Thursday at NIC's annual conference.

“For operators, there's a sense they've survived incredibly challenging conditions,” said Kramer, who talked to reporters at a press briefing during the NIC's conference held in Chicago at the Sheraton Chicago Hotel & Towers. The annual conference ends today.

Owners and operators also think that the crisis has been a “painful but good exercise in the importance of demonstrating value to customers,” he noted.

The sold-out crowd of 1,800 at the conference indicates that long-term care operators are optimistic about the future, he said. The two main questions are: When will capital return? and What types of capital sources will there be? he said.

Share this article:

More in News

RACs collected nearly $2 million from skilled nursing facilities last year, report ...

Recovery Audit Contractors recovered $1.8 million in Medicare overpayments made to skilled nursing facilities in fiscal year 2013, according to a Congressional report released Monday.

OK nursing home worker threatened to behead colleague in a terrorist act, ...

Police in Oklahoma City have arrested a nursing home worker who allegedly threatened to behead another staff member out of solidarity with the Islamic State in Iraq and Syria, according to news sources.

Jewish Home Lifecare named Innovator of the Year

Jewish Home Lifecare named Innovator of the Year

Jewish Home Lifecare won the top award in the Innovator of the Year category in the third annual McKnight's Excellence in Technology Awards competition.