“Life plan community outlook ‘deteriorating’ in 2023: Fitch Ratings”

“Life plan community outlook ‘deteriorating’ in 2023: Fitch Ratings,” by Kathleen Steele Galvin, McKnight’s Senior Living

Quote:

“The outlook for continuing care retirement / life plan communities is ‘deteriorating’ due to continued labor challenges and a ‘softening broader economy.’ That’s according to a new Fitch Ratings 2023 outlook report. The good news is that life plan communities’ occupancy is expected to stabilize and perhaps even improve next year, according to the firm.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

CCRCs face mounting financial headwinds.