Brookdale, Pennant Efforts to Evolve Executive Director Role Point to Industry Shortcomings

Brookdale Senior Living (NYSE: BKD) and Pennant Group (Nasdaq: PNTG) held their earnings calls in the last week, with one common theme being the future of the executive director role. “We are evolving the executive director role to emphasize a larger growth mindset, underscoring strong sales acumen for the incumbents and future community leaders,” Brookdale […]

ProMedica Selling Hospice, Home Care Business to Gentiva in $710M Deal

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 […]

REITs Seek More Control Over Senior Living Operations in Quest for Margin

Over the past week, executives with publicly traded senior living companies outlined their latest earnings reports. They all see a long runaway ahead for occupancy and NOI growth — the trick will be getting there. A general theme has emerged in recent quarters: Executives see the senior living industry perched at a crossroads between today’s […]

Welltower Readies Self-Managed Operating Platform, With Goal of Exceeding Pre-Pandemic Margins

Since 2020 the senior living industry has talked about returning to pre-pandemic margins and occupancy — but Welltower CEO Shankh Mitra does not want that to be the company’s end goal. Although the pre-pandemic operating margin for Welltower’s SHO portfolio was roughly 30.8%, Mitra said he would be dismayed if the company stops there. “If […]

Welltower Names Advisor for Self-Managed Operating Platform, Announces New Luxury Brand With RUI

Welltower (NYSE: WELL) has named a veteran of the multifamily world to a strategic advisor role related to its plan to self-manage independent living units and announced a new partnership and senior living brand with an operating partner. The Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday the appointment of Jerry Davis, a […]

Why CVS’ $10.6 Billion Oak Street Deal Creates Urgency for New Senior Living Models

The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]

Welltower Bolsters Executive Leadership, Seeking ‘Outsider Mentality’

Welltower (NYSE: WELL) made several appointments and promotions of senior positions to bring an “outsider mentality” to the company’s future plans. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday appointed Nikhil Chaudhri to the role of chief investment officer and executive vice president.  Welltower also appointed Ayesha Menon to the role of executive vice […]

Top Senior Housing Trends for 2023

Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]

Welltower Completes Initial Closing of Integra JV Involving 15 Regional Operators

Welltower (NYSE: WELL) has announced the “initial” closing of its previously announced joint venture with Integra Health involving the transition of 147 skilled nursing facilities previously operated by ProMedica to 15 regional operators. ProMedica surrendered to Welltower its 15% interest in the 147-property portfolio, Welltower announced Friday. ProMedica will be absolved from its lease obligations […]

10 Most-Read Senior Housing News Stories of 2022

While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022. Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on […]