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Here’s what you need to know for Monday, March 16, 2020:
- Two more senior living communities in Kirkland, Washington, have reported cases of Covid-19. A Life Care Centers community here was hit in the early days of the U.S. outbreak and has lost more than two-dozen residents to the virus.
- The Dow plummeted nearly 3,000 points on Monday after plunging late last week. Senior housing related stocks continued to be affected, with the “Big 3” REITs all down more than 20% and Brookdale Senior Living (NYSE: BKD) trading down nearly 36% at the close.
- Irvine, California-based Healthpeak (NYSE: PEAK) — one of the Big 3 REITs — issued a Covid-19 update. The company expects a deterioration in performance relative to expectations at least for the next few months.
- Industry associations Argentum and ASHA urged Congress to exempt senior living providers from certain provisions of the Families First Coronavirus Response Act that they argued would “decimate” providers’ workforces.
- Personal care aides are among the workers most at-risk from Covid-19, according to a New York Times analysis.
- Covid-19 infections continue to spread among health care professionals generally, with workers in five states testing positive over the weekend.
- Testing for an experimental coronavirus vaccine got underway Monday, with the first volunteer receiving the shot in Seattle.
The post Covid-19 News Bulletin: Cases Appear In Other Kirkland Communities; Stocks Keep Plummeting appeared first on Senior Housing News.
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