Two major players in the senior care space have decided to join forces. Senior housing owner Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and former “pure play” skilled nursing real estate investment trust (REIT) Care Capital Properties, Inc. (NYSE: CCP) will combine in an all-stock merger, the companies announced Sunday. The resulting health care REIT, which […]
The senior housing industry has drawn increased interest from private equity investors for some time. Now, affiliates of real estate private equity investor Kayne Anderson Real Estate Advisors (KAREA) are set to purchase senior housing and medical office owner Sentio Healthcare Properties for $825 million in cash. The Orlando, Florida-based real estate investment trust (REIT), which is public […]
HCP Inc. (NYSE: HCP) is on the hunt, once again, for new executives. Last year, the Irvine, California-based health care real estate investment trust (REIT) had planned to launch ‘HCP 3.0’ with a series of promising new hires—but achieving that has involved HCP going “3 or 4 steps forward, 1 step back,” Executive Chairman Mike McKee said Tuesday on an […]
In some ways, not-for-profit senior living providers and for-profit senior living providers couldn’t be more different. In other ways, they should likely try to be more similar. In fact, not-for-profit senior living providers have plenty to learn from their for-profit counterparts, according to experts who spoke at the LeadingAge Illinois 2017 Meeting and Exposition in […]
The 2016 presidential election and its aftermath have served as major talking points for those in the senior housing industry, from executives to association leaders. Major senior housing owner Ventas Inc. (NYSE: VTR), for instance, has a plan to cope with the “volatility and uncertainty in the markets, public policy and in the geopolitical sphere,” Chairman […]
Happy Monday! This past week was a busy one for the senior housing industry. Catch up on our most-read news before this week’s news starts piling up: Holiday Retirement announced it is moving its headquarters from Lake Oswego, Oregon, to Winter Park, Florida—and impacting about 200 jobs in the process. A Georgia-based senior living provider’s […]
Change is afoot at Holiday Retirement. The nation’s largest independent living provider is moving its corporate headquarters from Lake Oswego, Oregon, to Winter Park, Florida, this summer—eliminating or relocating approximately 200 jobs in the process. The decision to relocate was “difficult,” the company said in a statement sent to Senior Housing News. Among the roughly 200 […]
Despite widespread criticism of the current presidential administration and infighting among political parties in Washington, the current political climate may bode well for the senior living industry, according to James Balda, president and CEO of national senior living industry organization Argentum. The senior living industry has plenty of ways to curry favor with policymakers, Balda suggested […]
Businesses across many sectors have long been drawn to Chick-fil-A’s business model. In senior living, several business practices of the fast food giant—from its approach to customer service to its employee on-boarding practices—have at some point caused a stir. It was only a matter of time, then, until senior living providers copied Chick-fil-A’s approach to discounting. […]
The general public may think the cost of health care—and, by extension, the cost of senior living—is rapidly increasing, but that’s not true. In fact, senior living costs are rising at a slower rate than health insurance premiums, hospital service costs and recent home sale prices, according to the 2017 National Senior Living Cost Index from Seattle-based […]
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