The annual Financial Ratios and Trends Analysis for LPCs from Baker Tilley, CARF, and Ziegler has been released, and a webinar was held to review the report last week.

Overall, the life plan community (LPC) field demonstrated both financial stability and, in some areas, marked growth. Much of this was attributed to three core factors: ongoing improvements in occupancy across all levels of care, and some reaching pre-pandemic levels; strengthening operations performance; and the result of several years of needed monthly fee adjustments to offset the rise in inflation. Single site operators (SSOs) performed especially well in 2025, showing improvements in NOM, operating ratios, DCOH, and debt service coverage ratios.  Multi-site operators (MSOs) also had stable to very good improvements in these same financial metrics and showed best-ever improvements in DSCR-revenue and unrestricted cash/investments to long-term debt ratios. Both SSOs and MSOs showed improvements in age of community and total excess margin ratios. A more detailed summary from LeadingAge is forthcoming; and when the webinar recording is posted, we will share that as well.

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