Monday, October 18, 2021
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Eclipse Senior Dwelling Closure Reveals Covid is Casting Lengthy Shadow Over Trade

Share this…FacebookPinterestTwitterLinkedin The upcoming closure of Eclipse Senior Dwelling and the transition of its 90 communities to eight different operators…

By Staff , in Senior Living , at October 13, 2021



The upcoming closure of Eclipse Senior Dwelling and the transition of its 90 communities to eight different operators is the newest upheaval to the business, after practically 20 months of pandemic-related disruption.

Lake Oswego, Oregon-based Eclipse’s closure is clearly unhealthy information, with 171 workers shedding their jobs and shares of its actual property funding belief accomplice Ventas (NYSE: VTR) falling sharply. 

My hope and perception is that Eclipse’s company staff will readily discover different alternatives in senior residing, given suppliers’ urgent want for expertise. I additionally suppose the hit to Ventas can be short-lived, provided that the transitions resolve uncertainty across the portfolio and new operators may notice upside.

When it comes to bigger implications and classes, I’m drawing a couple of takeaways from the scenario, together with:

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