Risk Factors Update Summary
- Resident fee revenue generated from private pay residents decreased from 93.5% to 87%.
- Medicare and Medicaid reimbursements decreased from 18% to 16% of CCRCs segment revenue.
- The average annual rate adjustment for private pay residents was lower than prior years.
- Occupancy recovery progress could be slowed by a higher rate adjustment impacting new residents.
- Weighted average consolidated senior housing occupancy recovered by 890 basis points by December 31, 2023.
- Failure to complete capital expenditures may impact cash flow, with planned expenditures for 2024.
- Disruptions or downturns in financial circumstances could impact liquidity and stock price.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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