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 […]
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This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]
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 […]
A new generation of older adults is entering the senior living industry, but operators vying for their business can’t simply rest on their laurels. The baby boomers are bringing with them a range of desires and needs out of senior housing communities, and to attract them, operators need to shift their perspective by listening and […]
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 […]
Sometimes, all it takes to know the quality of a senior living community is a visit to the employee break room — just ask the top leaders of Ventas (NYSE: VTR) and Welltower (NYSE: WELL). It’s not that Ventas CEO Debra Cafaro and Welltower CEO Shankh Mitra are sticklers about break rooms in particular. Instead, […]
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 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 […]
After climbing to the number one spot on Fortune’s Best Workplaces in Aging Services list this year, leaders at The Palace Group say they’re not resting on their laurels. The Palace Group is based in South Florida, with a concentration on its footprint of 10 communities that span the care continuum. The luxury senior living […]
Frontier Management has switched things up with the launch of a new senior living sub-brand — all part of a larger effort to “refresh and reset” for the future, according to COO and Chief Clinical Officer Kandice Alcorn. The company earlier this month announced the launch of its new Frontier Senior Living moniker ahead of […]