Senior Living Communities CEO: Providers Face Margin Compression Crisis As Labor Expenses Rise – Senior Housing News

With Covid-19 challenges receding, senior living providers are now facing another crisis: margin compression, driven mainly by sharply rising labor costs.

I would argue that any operator out there is probably looking at around a 4% or 5% decrease in margin just due to labor,” Maxwell Group Founder and CEO Donald Thompson said during a recent appearance on SHN+ TALKS.

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Tim Mullaney

If he’s not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. Recent highlights include Sri Lanka and Iceland.