Healthy Outcomes: Fitch ratings on the outlook for life plan communities

On this episode of Healthy Outcomes, our host Mark Ross interviews Margaret Johnson, Senior Director and Senior Living Sector Lead at Fitch Ratings. Together, Mark and Margaret discuss various topics related to senior services, with a focus on Life Plan Communities (LPCs) across the U.S. 

• Report issued by Fitch titled “U.S. Not-For Profit Life Plan Communities Outlook 2025” 
• Fitch’s perspective on operating results for LPCs in 2024 and year-to-date 2025 
• Impact of fluctuations in real estate prices on LPCs and the rating process 
• Key credit drivers in the rating process for LPCs 
• Key financial ratios for LPCs 
• Key strategies expected to be executed by LPCs in the next 3-5 years 

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About our guest

Margaret Johnson 

Margaret Johnson is a senior director and the senior living sector lead at Fitch Ratings. Before joining Fitch in 2016, Margaret was a Director at BlackRock, serving most recently as a Portfolio Manager on the Institutional and Wealth Management Municipal Strategies team. Prior to that, she was a municipal credit analyst, at Merrill Lynch Investment Managers, until it was acquired by BlackRock in 2006. As an analyst, Margaret covered a portfolio of credits primarily in the healthcare, senior living and education sectors, as well as tax-backed issuers and public utilities.