Senior Living

In May 2024 a Ziegler CFO Hotline^SM survey gathered feedback related to Resident Dining Contracts. Nearly 200 organizations participated in the survey. The respondent pool is heavily weighted towards Not-for-Profit Life Plan Community organizations.

As so many senior living organizations are keenly aware, staffing challenges faced by the industry have been a persistent issue. While COVID played a significant role in employee burnout and high turnover rates, other factors such as an aging workforce and competition with other healthcare providers left many senior housing organizations struggling to maintain desired staffing levels.

This week, the Ziegler team is on the move, speaking and in attendance at many senior living inspired conferences across the country. We hope to see you at some of these events!

Last week, roughly 250 finance professionals from the not-for-profit senior living & care sector convened in Austin for the 26th Annual Ziegler LeadingAge National CFO Workshop. This annual conference was devoted to topics of importance to the CFOs, VPs of Finance, and other related positions within senior living. This year’s agenda featured over 30 guest speakers, in addition to the contributions of Ziegler team members throughout the various sessions.

Next week, more than 200 financial professionals from the not-for-profit senior living & care sector will convene in Austin for the 26th Annual Ziegler LeadingAge National CFO Workshop. This annual conference is devoted to topics of importance to the CFOs, VPs of Finance and other related positions within senior living. This year’s agenda features nearly 50 guest speakers and panelists, in addition to the contributions of Ziegler team members throughout the various sessions.

The vast majority of not-for-profit CCRC borrowers who finance their accommodations with tax-exempt municipal bonds pay their debt commitments as originally planned. Success — defined as a CCRC borrower paying its bond debt as it comes due — is the norm in this mostly non-rated sector. However, certain CCRCs have not paid their debts as planned. This Special Report updates last year’s annual report and describes the universe of CCRC-related municipal bond debt of borrowers who accessed the municipal bond market. We present our calculated default rates and discuss the historical outcomes and recoveries of defaulted CCRCs to measure and illustrate the financial impact on bondholders.

As part of our celebration of Women’s History Month and our ongoing commitment to Diversity, Equity and Inclusion, Ziegler hosted its Annual Women in Senior Living Leadership Forum on March 28th. This virtual event featured a CEO panel of amazing women leaders including Vassar Byrd (CEO of Kendal), Terri Cunliffe (CEO of Covenant Living), and Sevy Petras (CEO of Priority Life Care).

In March, Ziegler conducted a CFO Hotline^SM survey on C-Suite executive compensation and this week’s Z-News covers a portion of those results. More than 240 CFOs and finance professionals participated in the survey, with 58% representing single-site providers and the remaining 42% from multi-site organizations.

In March 2024, a Ziegler CFO Hotline^SM survey gathered feedback related to Executive Incentive Compensation. Over 240 organizations participated in the survey. Approximately 58% were single-site senior living providers, while the remaining 42% represented multi-site organizations. The respondent pool is heavily weighted towards Not-for-Profit Life Plan Community organizations.

Once a quarter, we feature an issue of Z-News that is devoted to recommended reading. These lists include newly released research reports, hot-topic white papers or noteworthy articles that have meaningful information for the senior living & care sector. The list of reading materials below range in topics from senior living outlook, salary increases, among others. As always, we welcome feedback on potential future publications or articles to include for our readers.