ALC - 43% of Those Polled at Assisted Living Concepts Facilities Say Rates Will Only Go Up

Assisted Living Concepts, ALC, the provider of housing to the elderly, was profiled by Tickermine this month after announcing a net income of $4.1 million this quarter compared with $4.7 million in the same quarter a year ago. 21 facilities were consulted for our survey. We asked about availability, whether there was a waiting list to get in, how much the services cost, whether this will go up and has occupancy changed from a year ago due to the housing market? Eight respondents or 38% said that no rooms are currently available. While 13 respondents, 62% said that less than 25% of rooms were open. Nine respondents or 43% reported having a waiting list of people trying to get in while 12 or 57% reported none. 13 respondents, so 62% said rooms cost between $50-$150 per day. Five people or 38% said rooms were over $151. Nine respondents or 43% of those polled expect the rates to go up even higher. Eleven or 57% think rates will stay the same. And while 6 respondents or 29% felt that inquiries into the rooms had slumped because of the housing market, most people, 15 or 71% said that interest in ALC hadn’t slowed at all.

Want more info about alc?