This article summarizes the webinar and publication that were released in tandem, along with a press release by Baker Tilly. Both single site (SSO) and multi-site (MSO) CCRCs’ FY2022 performance, in many of the ratios, declined as compared to FY2021. In some instances, record-low financial performance, since the report’s inception in 1996, was reported for FY2022. However, Ziegler and Baker Tilly analysts were quick to explain the overarching, market-wide fluctuations that generally led to these outcomes. They also lauded the decisions of many CCRCs to reinvest in the refurbishment and growth of their physical plants and noted that one of the most common areas of redevelopment – new IL apartments – holds the promise of improved revenues and cash flows in the coming year.
