‘Ready to Re-engage’: How The Springs Living, 12 Oaks, Revel Are Gearing Up for 2024

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As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins.

The demand outlook for senior living is favorable for 2024, and the industry is set to return to pre-pandemic average occupancy rates by potentially the end of the year. But occupancy remains a challenge even with looming demand, as do margins.