Skilled Nursing News April 30, 2024
Amid a better climate for federal and state reimbursements, higher profit margins and rising occupancy rates, LTC Properties (NYSE: LTC) executives said Tuesday that the nursing home industry is on target for robust growth.
And while the California-based real estate investment trust (REIT) spent 2023 on portfolio adjustments, the key focus for 2024 will be about long-term expansion, executives said during the company’s first quarter conference call.
“The seniors housing and care industry is on a promising upturn after setbacks related to COVID. Thanks to favorable demographic trends, improving margins, and rising occupancy rates, all signs point to a more robust market,” said CEO and Chairman Wendy Simpson. “We are evaluating multiple investment opportunities and are confident we have both...
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