Sonida Senior Living (NYSE: SNDA) is on track to reach pre-pandemic occupancy levels in 2022 — but the company’s net operating margin is still lagging behind. With occupancy rates rising and other sales metrics trending positive and a major rebranding effort behind the company, Sonida CEO Kimberly Lody said 2021 was a transformational year. After […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Calson Management Plans Two California Projects Calson Management plans to develop 12.7-acres of senior housing communities in Livermore and Soquel, California. One site is […]
As the senior living labor pool continues to shrink, operators are finding ways to reinvent old tactics for attracting prospective employees and finding new ways to combat staffing issues. It’s no secret that operators are facing recruitment and retention issues amid a highly competitive labor market. The assisted living workforce contracted 6.7% between February 2020 […]
Brookdale Senior Living (NYSE: BKD) held on to recent occupancy gains in the first quarter of this year as the company faces headwinds from rising operating expenses and continued staffing challenges. Brentwood, Tennessee-based Brookdale — the nation’s largest senior living operator with 679 communities — reported more than 2,000 move-ins during March, totaling the highest […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Dining is a key component to senior living — and it is also among one of the industry’s fastest-changing areas. On the one hand, supply issues, rising food costs and lingering staffing issues are forcing senior living providers to become more efficient, and in some cases to do more with less. On the other, resident […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In progress Construction Continues on Chicago Senior Living, Mixed-Use Project Ryan Cos. is currently well into construction on a 10-story, $117 million Clarendale Six Corners […]
Senior housing occupancy has grown for the third consecutive quarter since the pandemic began,, according to new occupancy data from the National Investment Center for Seniors Housing & Care (NIC). Occupancy in 31 NIC MAP primary markets inched up 0.2% in the first quarter of 2022 compared to the fourth quarter of last year, representing […]
Nurse staffing platform IntelyCare has raised more than $110 million in financing as the company looks to increase its footprint in assisted living and long-term care communities across the country. The company secured a total of $115 million in financing during a Series-C financing round led by Janus Henderson Investors. The funding, which values IntelyCare […]
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