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Why COVID-19 makes CapEx planning vital for senior living providers

August 12, 2020 Article 9 min read
Authors:
Dana Wollschlager Plante Moran Living Forward
In this Senior Housing News interview, development expert Dana Wollschlager discusses the importance of capital expenditure (CapEx) planning in a COVID environment and maximizing the use of physical assets.
Senior living maintenance man reviewing jobs on a tablet in front of the back of his work van filled with tools.

How is the COVID-19 pandemic challenging senior living providers who don’t have a formal capital expenditure (CapEx) plan? How should they budget for CapEx? When is it time to reposition the community’s physical assets instead of maintaining them?

In this Voices interview, Senior Housing News sits down with Plante Moran Living Forward Partner Dana Wollschlager to discuss CapEx planning, commonly under-budgeted areas of a CapEx plan, how providers can get the most out of their existing assets, and why the COVID-19 pandemic makes CapEx planning more vital than ever before.

Read the full interview at Senior Housing News.

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