Rebrand NIC MAP announces rebrand Data analytics platform NIC MAP Vision has announced a rebrand and new logo to NIC MAP. According to a press release, the change “reflects the company’s ongoing commitment to providing purpose-built, market-specific data and advanced intelligence exclusively for senior housing operators, investors, developers, lenders, healthcare providers and vendors.” “Through ongoing […]
Two senior living tech companies focused on AI and senior living resident falls have announced successful fundraising rounds. Technology company SafelyYou has announced it closed on $43 million in Series C funding, and AI-enabled light company Nobi closing on $37 million in Series B funding, the companies announced this week. SafelyYou is a company that […]
Healthcare and social connections blend seamlessly in a new Program for All-Inclusive Care for the Elderly (PACE) location in Winchester, Virginia. The organization behind the project, Blue Ridge, was inspired by the “community village” concept in its new concept, which is a PACE center that conjures a more homelike than clinical atmosphere. The program resides […]
Greene Park Capital has invested in a 225-unit active adult community in the Boston metro area, marking its first foray into the active adult sector. But it won’t be the last, and the company has a $250 million pipeline with which to grow in active adult senior housing. Based in Chicago, the investment firm focuses […]
Phoenix Senior Living has promoted Seth Pesek into a newly created president role in an effort to prepare for its next growth phase. Pesek stepping into the new job represents a “significant milestone” for the company, which CEO Jesse Marinko founded about a decade ago. “It was about timing and alignment,” Marinko told Senior Housing […]
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At the start of 2025, senior living companies are ready to hit the ground running with new development and construction projects. Lenders are not. The senior living industry is currently in a “transitional phase” for new development, NIC Senior Principal Omar Zahraoui told Senior Housing News earlier this month. New permanent loan volume for senior […]
Transactions Senior Resource Group acquires Atria community Senior Resource Group announced it has acquired Atria Mt. Pleasant, a retirement community near downtown Charleston, South Carolina. According to a press release, the community will be renamed to The Artisan Mt. Pleasant. The community features 168 residences for cottages, independent living, assisted living and memory care options […]
Around one in four caregivers have experienced some form of food insecurity over the past year, according to a newly updated report from Kare, a digital workforce marketplace for post-acute and senior living operators. For the third part of its “Trauma and Resiliency” survey series, the company polled 1,142 certified nursing assistants, certified medication aides, […]
Senior living demand “surged” in the fourth quarter 2024, pushing the industry to a higher average occupancy rate and a new record number of occupied units. Average occupancy rates in the 31 primary NIC primary markets rose to 87.2% in the fourth quarter of 2024, representing a gain of 0.7% from an average rate of […]
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