Skilled Nursing Operators Can’t Bank on Silver Tsunami or a Good Month of PDGM For Relief
Posted on Monday, September 16, 2019 1:44 PM
Post-acute and long-time providers are counting on a silver tsunami, the huge number of baby boomers who will turn eighty in the coming years help them coast into profitability. However, not everyone thinks that will be the case.
“I think that if, as an operator or an investor, you are banking on demographics to come to the rescue, you’re probably not going to be successful,” Dave Sedgwick, chief operating officer of CareTrust REIT (Nasdaq: CTRE), said during a Wednesday panel discussion at the National Investment Center for Seniors Housing & Care’s (NIC) annual fall conference in Chicago. “If you look at the operators in the space — the last 15 years, when demographics were not in their favor — you see winners and losers. You see incredible success stories, and you see bankruptcies,” Sedgwick said. “As we look at the demographics, we don’t necessarily make any investment decision based on what we think the demographics are going to do or be in this market going forward.”
It all depends on their local geographic, which can vary greatly from city to city.
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