While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
Earlier this year, the lofty price of new construction drove many senior living companies to shift their growth strategies in favor of acquisitions. Not Westmont Living. With all but two of its 17 communities in California, Westmont’s acquisition targets are limited due to that state’s higher barriers to entry. But thanks to an in-house construction […]
With a recently announced development joint venture with Welltower (NYSE: WELL) and a strong occupancy recovery underway, Kisco Senior Living Founder and CEO Andy Kohlberg is bullish about the future. “We’ve averaged three-and-a-half times the number of net move-ins in 2021 than we did in 2019 … It’s gone surprisingly well,” Kohlberg said during a […]
The middle-market is a growing senior living sector, and operators are spending considerable time and resources nailing down a scalable model. It’s a particular focus for Arrow Senior Living CEO Stephanie Harris. Arrow’s middle-market communities have been able to hit margins even greater than the typical 30% to 40% seen in the senior living industry. […]
In the past, too many senior living providers put off addressing workforce challenges while preoccupied by the quest to achieve stabilized occupancy. That’s according to Vitality Living CEO Chris Guay, who believes that providers now have no choice but to work on both issues simultaneously, given the labor crisis occurring while companies need to recover […]
One year ago, vaccine clinics were just getting underway in senior living communities, raising hopes for a better year ahead after the devastating toll exacted by Covid-19 in 2020. While Covid-19 vaccines have been a gamechanger for senior living providers, the quotes below reflect that 2021 presented plenty of daunting challenges, including unprecedented labor pressures. […]
Aegis Living is set to pilot its own staffing agency in a move aimed at saving millions of dollars in workforce expenses and potentially creating a new business line down the road. The Bellevue, Washington-based operator in January plans to launch the new agency in Seattle, where it has 17 communities and five more under […]
More than one-third (35%) of U.S. adults do “not know” how they view the aging services sector. That’s according to recently released findings from a national public opinion survey conducted by LeadingAge. “These numbers suggest the sector does not face an extreme public perception crisis — but there is a real need and opportunity to […]
Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio. The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania […]
Lenders and investors are again ready to deploy capital into the senior living industry, and for senior living operators and owners looking to grow, 2022 could be a pivotal year. But what capital providers are looking for in a senior living development or acquisition opportunity has changed with the Covid-19 pandemic, as have the kinds […]
