Occupancy rate stays stable for skilled nursing, drops for assisted living
Skilled nursing occupancy held at 90.1% for the second quarter of 2008, compared with 90.7% for the first quarter of 2007. Meanwhile, the assisted living occupancy rate slid from a peak of 91.5% in the first quarter of 2007 to 89.8% in the second quarter of 2008, continuing a consistent downward path, according to MAP officials at the annual meeting of NIC in Chicago.
Independent living's occupancy rate also decreased from a high of 93.8% in the first quarter of last year to 91.4% in the second quarter of 2008, a sign that supply had grown faster than demand. A crowd of 1,600 attended the 18th annual NIC conference, which was held at the Sheraton Chicago Hotel and Towers.