Look Before You Leap: Lessons Learned from CCRC (Life Plan Community) Bankruptcies
This panel focuses on the economics of continuing care retirement communities (CCRCs) and where they are positioned in the senior living and care industry. Learn how the pandemic and resulting economy have impacted CCRCs, and how they are managing the resulting operating challenges. Because CCRCs frequently require substantial individual financial upfront investment, prospective residents and their heirs may express concerns about risks and potential losses in the event of a CCRC bankruptcy. The panelists explore these industry challenges, as well as how a CCRC bankruptcy affects the various case constituents.