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The Springs Living CEO: Operators, Capital Must Align to Drive Post-Covid Innovation and Growth

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The Springs Living experienced about a 10% occupancy and 12% net operating income decline during Covid-19, but has recovered about a third of that lost census, with inquiries up 70% and move-ins up 20%.

With this as the backdrop, the McMinville, Oregon-based provider is reentering growth mode. The Springs recently broke ground on a 210-unit community near Portland, Oregon, and is planning a 12-story tower near Vancouver, Washington. The company also introduced a concierge health care offering, is mulling a restart of its in-home care company, and considering ways to get involved in Medicare Advantage.

These new communities will incorporate innovations in design and operations, applying lessons learned during the pandemic, The Springs Living Founder and CEO Fee Stubblefield said during a recent appearance on SHN+ TALKS.

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The post The Springs Living CEO: Operators, Capital Must Align to Drive Post-Covid Innovation and Growth appeared first on Senior Housing News.

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