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Sabra CEO: Labor Challenges Could Slow Senior Living Occupancy Recovery

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Extraordinaly tight labor markets are causing senior living worker shortages even in positions that usually are easier to fill — and these workforce challenges could slow the pace of post-pandemic occupancy recovery.

“If you have 10 patients or residents that you’re going to admit over the next week or two, you have to have enough staff to be able to accommodate those folks and provide the right level of care. You may only be able to take six of them,” Rick Matros, CEO of Sabra Health Care REIT (Nasdaq: SBRA), said during a recent SHN+ TALKS appearance. “The operators who do it right are going to self-monitor that stuff.”

Matros also foresees wage pressure, and believes that one of the most pressing questions for the industry is how to raise pay rates for frontline workers. The good news is that, in his view, high-quality operators will not take too much hit to margin as a result of rising wages, and occupancy should return to pre-pandemic levels by late 2022.

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The post Sabra CEO: Labor Challenges Could Slow Senior Living Occupancy Recovery appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

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