Skilled Nursing News January 8, 2025
Average occupancy for the nursing home sector grew slightly to 80.5% towards year-end, posting a 10-basis-point increase month over month.
Over the course of last year, occupancy levels showed a recovery back to pre-pandemic levels.
Moreover, according to Stephens Inc.’s latest figures updated through Dec. 1 and released Wednesday, average occupancy for two large sector players that Stephens’ analysts track more closely for occupancy, there was some disparity.
Occupancy levels for Ensign Group (Nasdaq: ENSG) moderated to approximately 80.7%, dropping 20 bps from November. Meanwhile, occupancy levels for facilities run by PACS Group (NYSE: PACS) grew to 88.6%, showing a slight gain of 50 bps month over month.
Ensign’s occupancy expanded month-over-month in 9 of its 14 states while PACS’s...
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