Wishing our readers a very happy holiday. The SHN team will be suspending our daily emails in observance of the holiday this week. We will resume our normal schedule on Monday, December 29.
Until then, here’s a recap of the most read stories this week.
Investors See These 3 Trends Ahead in Senior Housing—From strong market fundamentals to push-pull pressures working in senior housing’s favor, investors are bullish on the sector in the year ahead. SHN compiled the top three trends investors are anticipating to drive the market in 2015.
Now Announcing: Senior Housing Design Awards Winners 2014—SHN is pleased to congratulate this year’s annual design awards winners! Check out the winners as well as runners up at shnawards.com.
Senior Living Adopting Tech, But ‘Tremendous Opportunity’ Remains—Non-profit senior living providers have made strides in their adoption of technology, from going online with electronic health records to implementing tech systems to drive efficiencies. But there’s still work to be done, according to an annual report from LeadingAge and Ziegler.
Newcastle’s New Senior Spinoff to Acquire $435 Million Holiday Portfolio—In its first major acquisition since spinning off from Newcastle Investment Corp. earlier this year, New Senior announced it will acquire a Holiday portfolio of properties for $435 million.
Elmcroft Senior Living’s Management Team Buys Company to Gain Majority Share—Elmcroft’s management team purchased a majority share of the company for an undisclosed sum last week, as reported by local business journal Louisville Business First.
Written by Elizabeth Ecker