Sales and marketing teams from across the senior living industry are using a variety of new ideas and campaigns to boost sales and attract future residents. Sales and marketing teams in 2024 have the challenge of appealing to both today’s and tomorrow’s residents. Given that baby boomer preferences are somewhat nuanced, operators have tried to […]
Transactions IRA Capital acquires Seattle community IRA Capital, a California-based private equity firm, announced its acquisition of Quail Park of Lynnwood on June 12. According to a press release, the community is 253 units and was developed in two phases in 2013 and 2020. The release states the all-cash acquisition expands the firm’s healthcare portfolio […]
An in-home care franchisor has announced an expansion of a dementia care program to better prepare caregivers for providing person-centered care. ComForCare launched “DementiaWise 2.0” in May, an enhancement to its existing DementiaWise program originally launched in 2013. The company is providing caregivers an additional five hours of training in eight modules in order to […]
Senior living operators are supplementing revenue and offsetting costs by charging residents for add-on services like cable and internet, food and pets. A recent Bild and Co. survey of more than 250 communities found senior living communities are frequently charging add-on fees for trash services, pets, laundry, additional meals and other services. According to the […]
New federal rules are banning non-compete agreements and grant overtime pay protection to workers who previously lacked it. One rule will likely have more of an impact than the other. In April, the Federal Trade Commission (FTC) issued a final ruling to ban noncompetes. In the same month, the U.S. Department of Labor announced a […]
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An experimental Alzheimer’s drug has received unanimous approval from a Food and Drug Administration advisory panel. The drug, called donanemab, is made by Eli Lilly and has been shown to have benefits of slowing the progression of cognitive decline in people with early stages of Alzheimer’s. The drug is given as an infusion and works […]
A team from The Ohio State University Wexner Medical Center and College of Medicine has created a new database in an effort to help researchers study Alzheimer’s disease. A study on the database, called ssREAD, was published in “Nature Communications” in June. It is freely searchable and contains 1,053 samples with 67 Alzheimer’s disease related […]
Covenant Living Communities and Services has a new CEO in David Erickson. He’s already hit the ground running. Before taking the reins as president and CEO, Erickson worked as the Skokie, Illinois-based organization’s general counsel for 16 years. Erickson’s selection, announced June 4, comes following the retirement of former Covenant top leader Terri Cunliffe earlier […]
Management Legend Senior Living increases portfolio to 59 Legend Senior Living announced it has assumed the management of four senior living communities in Florida, bringing its total portfolio up to 59. The communities were previously managed by Harbor Chase and have been renamed to The Gables. The new communities further expand Legend’s footprint within Tallahassee, […]
