Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Positive Business Update

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Comment by Saphoon Jan 25, 2021 3:10pm

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Post# 32377798

RE:RE:Positive Business Update

gashole wrote: Occupancy of 81% which is about the same as last quarter, also they have received funding, and Vaccinations. As of January 22, ~75% of Sienna's LTC residents and ~52% of its staff have been vaccinated. They are targeting Feb 15 for all Ltc vaccinations.

Going into late Feb, early March there should be a dramatic decrease in cases at Sienna..

logicandinertia wrote: nothing particularly surprising in this update.

75% of LTC residents now vaccinated and close to a third of Retirement residences also done. These figures should both be 100% in the next few weeks.

Occupancy down a smidge in Retirement since last update, but this is all due to govt restrictions/stay at home.

The important takeaways:

Rent collection still close to 100%
Waitlists still high across the industry
Vaccine rollout ramping as scheduled
Provincial govt help persists and helping to offset additional COVID costs

At some point, the investment community sees the other side of this covid valley and begins discounting the secular growth story for this industry in Canada...

Good luck..