How Vi is Preparing for Growth as Senior Living Development Remains Tough

With development and new construction still largely on hold throughout the senior living industry, Vi is for now focusing on growth in operations. Chicago-based Vi has had a largely positive year, with occupancy at its 10 continuing care retirement communities communities (CCRCs) still hovering at the 90% point and, as of September, move-in fees about […]

Senior Living Operators Report Length of Stay Improvement But Recovery Still Choppy

This content is part of your SHN+ subscription Senior living operators are improving care coordination and life enrichment offering for residents in a bid to improve length of stay (LoS) — while also being patient as the market appears to be normalizing from disruptions related to Covid-19. Many providers have reported that acuity among residents […]

How Discovery, Merrill Gardens, Benchmark Have Evolved Operations to Fuel Growth

The nature of senior living management companies is inherently evolving as providers look to make regional inroads and grow in a challenging economic climate. Management companies have changed structurally over the last two decades, going from predominantly triple-net leases to management agreements that more closely align operators and owners behind the same goals. Rather than […]

‘Outrageously Powerful’: Senior Living Providers Wield Data to Fine-Tune Operations

Senior living operators have always relied on data to inform the future of their organization. But now, providers are using data and analytics-based insights to improve operations and make decisions in an increasingly short window. By using data and analytics to inform operations and financial decision making, operators have been able to customize their product […]

AgeWell Solvere Acquires Sonata Senior Living, Nearing 40-Community Mark

AgeWell Solvere Living is undergoing another growth spurt this year. The North Palm Beach, Florida-based company on Tuesday announced the acquisition of Sonata Senior Living, another Florida-based senior living operator. AgeWell Solvere is slated to take ownership of the operating companies that manage Sonata’s 14 communities starting Nov. 1. The terms of the deal were […]