Senior living providers across the United States have begun relaxing their visitation policies in recent weeks, as Covid-19 vaccination has brought down the risk of infections. Now, the Centers for Medicare & Medicaid Services (CMS) has relaxed its guidance governing visitation in nursing homes, further accelerating a return to more normal operating procedures in senior […]
As vaccination rates increase, Covid-19 infections decline, occupancy loss slows and lead generation picks up, Welltower CEO Shankh Mitra is becoming more optimistic about the potential timing of a bounceback in senior housing. Mitra resisted predicting when senior housing occupancy would hit a bottom during the recent Q4 2020 earnings call for the Toledo, Ohio-based […]
InnovAge (Nasdaq: INNV), which serves about 6,600 older adults through the Program of All-Inclusive Care for the Elderly (PACE), executed a $350 million initial public offering (IPO) on March 4. The Denver-based company is the largest PACE provider in the United States and has taken an out-of-the-box approach to the program through moves such as […]
Last week brought the news that HCA Healthcare (NYSE: HCA) is paying $400 million for an 80% stake in the home health and hospice business of Brookdale Senior Living (NYSE: BKD). The move had long been rumored, with Brookdale’s need to shore up liquidity in the face of pandemic-related expenses adding urgency in recent months. […]
As they seek to build back occupancy lost during the pandemic, senior living providers across the United States will have to work closely with all their potential referral sources. And with Covid-19 still limiting in-person interactions, Thrive Senior Living took a risk on a creative way to connect: a coffee truck. “Our teams locally have […]
Atria Senior Living is taking over management of 21 independent living communities owned by real estate investment trust (REIT) New Senior Investment Group (NYSE: SNR). The portfolio marks the U.S. debut of the Atria Retirement brand, which up to this point has operated in Canada as Atria Retirement Canada. The portfolio previously was managed by […]
Of all the recently announced transactions related to Healthpeak’s (NYSE: PEAK) senior housing exit, Discovery Senior Living’s acquisition of 16 properties is especially noteworthy. That’s because the deal brings Discovery’s portfolio to nearly 70 communities and makes the company one of the 10 largest senior living providers in the United States by unit count, according […]
Transforming Age and Sustainable Housing for Ageless Generations (SHAG) are affiliating and intend to leverage their combined resources to expand further into middle-market senior housing and pursue other strategic objectives. Both organizations are based near Seattle, and the combination with SHAG makes Transforming Age the eighth-largest nonprofit senior living provider in the United States, serving […]
The senior living industry was sidelined from federal financial support for much of last year, due in part to lawmakers’ lack of familiarity with the sector. Going forward, the industry should do a better job of connecting private-pay senior living with the Medicare and Medicaid programs that command so much attention from lawmakers, Brandywine Living […]
During our recent virtual Sales Summit, Oakmont Senior Living COO Matt Stevenson said something that caught my attention: “When we look in most markets, we’re hovering around 10% to 11% penetration … to fully recover as an industry, we’ve got to get that to 15% levels.” His point was that, with the vaccine rollout enabling […]
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