Good Financial News for LPCs: Annual Review Released

(Dec. 2, 2025) As reported by LeadingAge, the annual Financial Ratios and Trends Analysis for Life Plan Communities (LPCs) from Baker Tilly, the Commission on Accreditation of Rehabilitation Facilities (CARF), and Ziegler was recently released, and a webinar hosted to review the information.

Overall, the 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 best-of (within number of years) improvements in Net Operating Margin (NOM), operating ratios, Days Cash on Hand (DCOH), and Debt Service Coverage Ratios (DSCR). 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, LeadingAge will share that as well.

Follow LPC sector updates from LeadingAge here.

Contact: Annalyse Komoroske Denio, akomoroskedenio@leadingageny.org, 518-867-8866