Piper Shores Announces Positive Rating Outlook from Fitch Ratings

Piper Shores is pleased to announce that Fitch Ratings has affirmed our community’s rating of ‘A-‘ with a Positive Outlook.

The Positive Outlook reflects Piper Shores’ continued commitment to excellence in service and its successful expansion project, The Meadows, which has significantly strengthened the community’s financial position.

Piper Shores CEO, Phil Jean, commented on the announcement, stating, “We are honored by Fitch Ratings’ affirmation of our ‘A-‘ rating and the Positive Outlook. The successful opening and occupancy of The Meadows expansion project has reinforced our strong operating performance and further solidified our financial profile. We are excited about the positive impact this expansion will have on our community and our ability to continue providing exceptional services to our residents.”

The Meadows, a 52-unit independent living unit (ILU) expansion project, has not only met but exceeded expectations, achieving full occupancy and generating an additional $2.0 million to $2.5 million in annual operating profit. This success has contributed to Piper Shores’ robust financial profile and positioned the community for continued growth and success in the future.

Piper Shores remains committed to its mission of providing a vibrant, inclusive, and supportive environment for its residents, and looks forward to building on this positive momentum in the years to come.