An "inflection point" has been reached for the skilled nursing sector as occupancy slowly climbs from pandemic-era troughs, but analysts say the recovery timeline likely extends beyond next year.
According to NIC Map® Data Service, net absorption from April through June 2022 was positive for a fifth straight quarter at more than 30,000 beds over that span.
But "despite this positive momentum, the recovery is being constrained by a lingering uncertainty among prospective residents, with the health crisis still posing a potential threat," the Marcus & Millichap analysts say. "Labor shortages are also making it difficult for some operators to replenish full occupancy, lacking the necessary staff to provide care."
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