Primrose Retirement Communities is shifting its growth strategy in a difficult development environment, with a current focus on growing in smaller, mid-level markets. With the acquisition of The Addison of Pleasant Prairie on Feb. 1, the Aberdeen, South Dakota-based company has grown to 34 communities in 17 states. Since the company’s founding in 1989, its […]
Sonoma County, California is about to be home to a new type of memory care community with a focus on wellness and preventative health. That’s the vision for MD Senior Wellness, a 27-bed community that is currently under development, with an opening slated for the third quarter of 2025 at the latest. The community is […]
This article is available as part of your SHN+ membership The opportunity ahead for senior living operators with middle-market models is sizable – so why aren’t more senior living operators doing it? The answer to that question changes depending on who you speak with. But generally, operators that have not dipped their toes in the […]
Transactions Juniper Communities adds three communities Juniper Communities announced on March 13 that it had added three communities to its portfolio. According to a post on LinkedIn from the company, the new communities are in Hamilton and Washington Square, New Jersey, and Newark, Delaware. A press release states the communities include Juniper Village at Newark, […]
The senior living industry’s occupancy rebound and its demand prospects ahead are two of the biggest indicators that operators will see a better year in 2024. That’s according to Rick Brace, director of AEW Capital Management’s research group. Brace, who recently authored a report on the senior housing industry’s prospects in 2024, said he is […]
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After coming together in 2023 through a combination of mergers, AgeWell Solvere Living is looking to continue its growth throughout 2024 in a variety of ways. The North Palm Beach, Florida-based company’s latest merger with Sonata Senior Living was finalized in November, bringing its total managed communities to 37. Now, the focus is going to […]
Partnerships Argentum, AlphaROC announce strategic partnership Senior living trade association Argentum and data science company AlphaROC have announced a strategic partnership to “reimagine” market research with the platform Occam. According to a press release, the Occam platform will be launched for Argentum members and allow them to get “faster and easier access to public opinions,” […]
The rising cost of certain goods and services is still driving up the average monthly rate for residents of assisted living and other senior housing communities. But the pace of such increases slowed last year. That’s according to the latest Cost of Care Survey from Genworth Financial (NYSE: GNW), which showed that between 2022 and […]
This article is available as part of your SHN+ membership With a shifting outlook for the senior housing industry as a whole, the chief executive of Sonida Senior Living (NYSE: SNDA) is feeling good about the remainder of 2024. The Dallas-based company also has undertaken initiatives to address some of the top challenges still facing […]
