Discovery Senior Living’s growth is continuing with the launch of a regional management company dedicated to overseeing communities in the Midwest. The new management company, LakeHouse Senior Living, is establishing a foothold for Bonita Springs, Florida-based Discovery’s communities across Indiana, Illinois, Michigan, Ohio, Pennsylvania and Wisconsin. The launch was executed with the new company now […]
Discovery Senior Living
The memory care sector of the senior living industry is expected to see a big uptick in demand in the coming years — as long as operators can keep their heads above water with regard to staffing. Operators in 2023 have laid ambitious plans to recover and grow beyond pre-pandemic occupancy and margins. Workers are […]
In the last two decades, Serenbe has gained a reputation as a pioneering wellness community, incorporating intergenerational living as a key principle. Now, plans are in the works to develop a seven-acre campus within Serenbe to more intentionally enable aging in place, putting the community at the forefront of several trends in senior living. “We’re […]
Earlier this spring, I received a LinkedIn message related to the future of the TPG/Sabra Healthcare REIT (Nasdaq: SBRA) joint venture senior living portfolio, operated by Enlivant. The message was from a relative of a resident, sharing a letter stating that a new operator would soon be taking over. I eventually learned the future operator […]
For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]
The Aspenwood Company is launching a new memory care program encompassing all different areas of the resident experience, joining in a larger trend across the industry of operators hitting reset on their memory care offerings. They are doing so to elevate care and the resident experience while driving revenue — and to position themselves for […]
National Health Investors (NYSE: NHI) started the year strong with a relatively muted rate of new rent deferrals and limited rent concessions and deferral payments, according to CEO Eric Mendelsohn. That said, the company still has some soft spots in need of improvement, namely its burgeoning senior housing operating (SHOP) segment, which saw continued pressure […]
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The last week brought major health care business news — including the creation of a new home health giant valued at nearly $10 billion — that bears careful consideration by senior living providers. The new at-home care organization is being created through the merger of Option Care Health (Nasdaq: OPCH), a major provider of home […]
Last week, we learned that the first quarter of 2023 was the slowest for new senior living M&A since the same period in 2021. Interest rates causing headaches in capital markets were a big reason why. For companies that previously planned to rely on sourcing debt for new deals, the cost of capital and general […]