Building and maintaining trust between capital providers and operators in the skilled nursing industry can prove critical to the success and longevity of businesses in the sector, and it’s especially important these days for navigating the ongoing challenges and uncertainties faced by the sector.
Whether it means assistance on rent or lending, business partnerships should prioritize long term relationships over short term financial gains in the SNF space because quality care demands this deeper association, executives at the Skill Nursing News’ RETHINK conference in Chicago said last week….
Ari Adlerstein, managing director at Meridian Capital Group, echoed the importance of relationships, especially in the lending space. He discussed the strains that lenders are facing, particularly in the context of rising interest rates and changing economic conditions. Adlerstein noted that communication between borrowers and lenders becomes crucial during turbulent times.