Monday, January 4, 2010

The BIG Picture: Once invincible business models aren't so bulletproof after al

As 2010 dawns, many providers and publishers find themselves limping along. Both have just endured one of the more challenging years on record.

Who would have thought the once bulletproof continuing care retirement community model would be reeling? Erickson Retirement Communities offers a good example of how weird things have become. As fewer and fewer prospects were able to sell their homes (essentially a prerequisite for moving in), occupancy rates tumbled, along with operating revenues. The result: a sell-off of the company in tandem with a Chapter 11 filing.

An assisted living juggernaut—Sunrise Senior Living—is on the brink as well......


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1 comment:

Anonymous said...

Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!