Senior Housing News July 22, 2024
This article is part of your SHN+ subscription.
Senior living operators are in 2024 notching the kind of gains they need to improve margins despite lingering operational headwinds.
Operators including 12 Oaks Senior Living, Atria Senior Living, Juniper Communities and Discovery Senior Living have all managed to find ways to boost their margins, and they believe more upside is ahead.
Chuck Hastings, president and chief financial officer at Bloomfield, New Jersey-based Juniper Communities, said 2024 has been the first year the company has exceeded its pre-pandemic margins, despite the additional pressures it faces from focusing services on higher acuity levels through assisted living, memory care and skilled nursing beds.
“It’s been a good year for us,” Hastings told Senior Housing...
Today's Sponsors
Today's Sponsor