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

Skilled nursing facilities with poor quality ratings do not readmit more patients to hospitals, researchers find

Skilled nursing facilities with poor quality ratings do ...

Low-quality and high-quality skilled nursing facilities readmit about the same proportion of residents to hospitals, suggest research findings recently published in the American Journal of Medical Quality.

Cipro and related antibiotics increase MRSA risk in long-term care facilities, study ...

Long-term care residents on a fluoroquinolone antibiotic such as Cipro are at an increased risk for methicillin-resistant Staphylococcus aureus, researchers in France have found.

Jonathan Blum, who oversaw long-term care reforms, resigns as head of Medicare

The nation's top Medicare official, Jonathan Blum, is leaving his post next month, news outlets reported Tuesday. Blum became a familiar figure to long-term care providers through Open Door Forum calls and other outreach efforts during his five-year tenure, as he guided implementation of Medicare ...