Occupancy for post-acute care was flat on a month-over-month basis as of April 9, 2023, according to a data analysis from BMO Capital Markets.
The news is dimmer for the real estate investment trusts (REITs) covered by the firm, most of which saw sequential declines, according to a note issued Friday. The analysts mapped REIT property addresses against the Centers for Medicare & Medicaid Services (CMS) SNF database to determine occupied versus available beds.