S&R News

What’s Next for Senior Living?

It’s hard to believe 2021 has already come to a close. The year started optimistically as the COVID-19 vaccine rolled out to senior living communities across the nation, and providers embraced the digital revolution. And while we had high hopes the pandemic was something we could leave behind in 2020, the year proved to be another unpredictable one. As we move into 2022, senior housing operators, providers, and investors have learned to adjust (like the rest of us) and have made great strides, despite roadblocks.

In our last blog, we talked about change and some of the challenges the industry has faced over the past year:

  • Staff shortage.

  • Vaccine pushback, despite President Biden’s vaccine mandate for long-term workers.

  • Supply chain disruption.

  • Inflation.

  • Fluctuating occupation rates.

  • Rising construction costs.

  • Introduction of telehealth.

We are living in a culture of innovation, collaboration, and unpredictability. For the senior living industry, the road has been filled with ups and downs, wins and losses. However, 2021 was marked by transformative deals and exciting transactions. On top of that, the industry underwent some of the biggest changes of all. The introduction of technology and telehealth solutions was huge during both 2020 and 2021. As we approach 2022, the industry is facing much less upheaval and uncertainty.

2022: What Can We Expect? 

Each new year is an opportunity for reflection and growth. For the senior living industry, here’s a look at some of the most anticipated trends:

  • Continued adoption of telehealth.

  • Customized care plans.

  • Innovative collaborations with important partners.

  • Transformative housing options, including active adult communities and intergenerational living.

  • Socialization will be a priority.

  • Occupancy rates will continue to trend upwards.

  • M&A will continue throughout the industry.

We look forward to all 2022 will bring to the industry and have a lot of exciting investment opportunities on the horizon. Stay tuned as we move into the new year for a few exciting changes coming to the Sherman & Roylance website. Be sure to keep up with our blog for the latest senior living industry news and insights!