With a recent quickened pace of move-ins, the memory care segment of senior living is gearing up for a potentially years-long period of growth and high demand. Operators are preparing in the second half of 2023 by prioritizing growth, programming, technology and cost efficiency. The impact of rate increases, broader factors like cost inflation and […]
Around 2017, a cardiothoracic surgery nurse at New York Presbyterian Hospital in New York City noticed that an inordinate number of patients who underwent surgery experienced a notably high number of adverse health outcomes. The reasons behind these outcomes were initially unclear, and they would be potentially hard to glean unless someone was monitoring that […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
Last month, Brookdale Senior Living (NYSE: BKD) chose not to renew a lease on a portfolio of 35 properties with LTC Properties (NYSE: LTC) — a move that was for the better in the end, according to CEO Cindy Baier. Despite having “a long and productive relationship with LTC,” Baier noted the Brentwood, Tennessee-based senior […]
Leisure Care has a new website and revamped branding, all part of a companywide effort to prepare for the arrival of the baby boomer generation. In recent years since the pandemic began, the Seattle-based company’s leaders have sharpened the operator’s emphasis on staff morale, deepened its use of data and psychographics and, most recently, retooled […]
By Zahida Siddiqi ProMedica is selling its Heartland hospice and home care service line to hospice giant Gentiva for $710 million. The deal, announced Monday, comes on the heels of nonprofit health system ProMedica divesting of nearly 150 skilled nursing facilities in a deal involving Welltower (NYSE: WELL) and Integra Health. ProMedica still operates about […]
Nestled in the outer suburbs of Greater Philadelphia is a memory care community where residents can take in the outdoors and walk to their heart’s content. The community, Meadowwood in Lansdale, Pennsylvania, recently expanded with a new roughly 19,000 square foot memory care building that added 20 units of memory care and a variety of […]
For years, the senior living industry has looked to the progressive Hogeweyk community in The Netherlands as a memory care pioneer. Now, a senior living operator has plans to replicate the concept stateside and potentially raise the bar on U.S.-based memory care services in the process. The operator is United Methodist Communities, which is based […]
ProMedica’s senior care portfolio is being pared down substantially. The Toledo, Ohio-based organization will continue to operate 58 Arden Courts memory care communities that are in a joint venture with Welltower (NYSE: WELL), but is shedding nearly 150 skilled nursing assets. More specifically, Welltower is selling and transitioning 147 skilled nursing facilities currently operated by […]
Non-profit senior living operator Front Porch is expanding its memory care offerings while decreasing its skilled nursing units in order to meet evolving resident demands. The Glendale, California-based organization on Friday announced it had expanded memory care resources “through innovative services and expanded capacity in multiple locations across California.” Front Porch has 19 senior living […]
