Must-Read News: Standalone Memory Care Slump, Aegis’ New HQ

Happy Monday, Senior Housing News readers!

Today’s the big day—it’s almost time for the solar eclipse! It’s scheduled to occur here in Chicago just after 1 p.m. local time, and all of us at Senior Housing News (who managed to track down NASA-approved solar eclipse glasses) will be joining in on the fun, watching from the rooftop of a local grocery store.

This will be the fifth solar eclipse, meanwhile, for Joyce Blum, an assisted living resident in Hampton, Iowa, the Globe Gazette reports. She has previously viewed solar eclipses with astronauts Edwin “Buzz” Aldrin and Neil Armstrong from places like the Caribbean, the Black Sea, the Andes and the South China Sea. 

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Here’s some news to catch up on before your own solar eclipse viewing party:

Some standalone memory care providers, like Anthem Memory Care, are having a rough go of it—but that’s not entirely surprising, according to experts we spoke with.

Aegis Living recently moved its headquarters from Redmond, Washington, to a larger, more thoughtfully designed space in Bellevue, Washington. There were many reasons behind the change of address, but one in particular may ring a bell to most senior housing providers: boosting employee retention.

LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full.

Isakson Living is bucking the traditional American model of senior care by being the first in the U.S. to implement a UK-based care model centered on empathy.

Seniors who live in Utah may relish in the fact that the state is considered the “best” state in which to age, according to Caring.com’s “2017 Best and Worst States to Grow Old” report.

Also in the News

5 Million Year Old Fossil Discovery Found During Development of Crestavilla Senior Living—Several fossils, including prehistoric sharks, whales and a six-foot-long tuna were recently discovered at the site of Crestavilla, a senior living community under construction in Laguna Niguel, California.

Written by Mary Kate Nelson

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