BBK

The present recession has put extraordinary pressure on senior housing providers.
Several factors have driven occupancy rates well below 90%:

• The family home’s value has declined and is difficult to sell
• Retirement portfolios have eroded
• Adult children have lost their jobs and moved back in with their retirement aged parents
• Full Assessment
• Economic uncertainty is influencing the decision to move

Like many of BBK’s clients, your firm may be facing financial trouble. We have helped clients restructure and/or manage their businesses through the challenges of an economic downturn and have seen several common trends:

• Lower than planned occupancy generates low revenue levels
• Balance sheets contain too much leverage due to overly aggressive growth expectations
• Employee expenses are not in-line with reduced revenue and may require rationalization
• Poor liquidity necessitates focused cash management while operational changes are implemented

BBK’s unique approach - integrating financial and operational services to deliver comprehensive, hands-on solutions – has been the foundation for remarkable successes. If your firm is facing these challenges, it makes sense to schedule a brief exploratory call where we can discuss how these concerns or challenges could impact you.

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