Skilled Nursing News September 20, 2024
Skilled nursing facilities (SNFs) within life plan communities (LPCs) remain pressured even as LPCs overall saw a revival in fiscal 2023, with labor being the biggest challenge for the nursing home assets within these campuses, according to analysts for Fitch Ratings.
“The LPCs sector is experiencing a recovery following the post pandemic period that was marked by significant inflationary challenges and high cost of capital,” said Margaret Johnson, senior director and sector lead for senior living at Fitch Ratings. Johnson spoke at a webinar Friday to discuss Fitch Ratings’ new sector monitor report for 2024.
However, the SNF assets continue to be a pain point for LPCs, she said.
“[Given] their disproportionate exposure to wage and staffing pressures, coupled...
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