With the industry exploding as the baby boomers move into retirement, some providers are shifting away from specialties in favor of having options for seniors along the entire care spectrum. One provider who started as solely a nursing home and moved into assisted living recently jumped into home care as well as adult day care. […]
Check out what you missed in senior housing news last week. From a collaboration between two big players in the industry to an optimistic outlook on financing this year, last week was packed with updates. Here in the newsroom, we had our faith in humanity restored when a 93 year-old woman was surprised on her birthday, […]
(Rendering of formal dining room at Edgemere, located in Dallas, Texas — photo courtesy of Edgemere) Construction: Planned Independent Living Building Planned in Hingham, Massachusetts Erickson Senior Living is planning a new independent living community in Hingham, Massachusetts. The 156,378-square-foot, seven-story building will add 104 independent living homes to the already-established Linden Ponds. Willard Square will also […]
As baby boomers steadily creep up in age, the number of older adults requiring memory care is expected to balloon as well. Though this may come as welcome news to memory care communities nationwide, most of them aren’t necessarily up to the task of properly taking care of boomers, according to some experts. There are […]
Senior housing players have some reasons to be optimistic about financing looking toward the year ahead. The positive outlook stems from the Trump administration’s talk of deregulation, along with interest rate action and real estate investment trust (REIT) activity. Another outcome that may have an impact on senior housing finance, which will remain to be […]
Last year saw a number of senior housing providers dedicate a lot of cash, and time, to upgrading technology. However, chief financial officers in the industry reported less spending dedicated to technology than in previous years. In the past 12 months, providers, mostly not-for-profit, have dedicated an average of 11.8% of their total capital budget to technology, […]
Construction: Planned Groundbreaking for $120 Million Senior High-Rise Planned Come April, construction will begin on a $120 million senior community, Ventana, near NorthPark Center in Dallas, Texas. The project will consist of two 12-story towers developed by Buckner Senior Living. The community, which has been in the planning stages since 2014, will contain almost 200 units […]
Last year was busy for health care M&A, with $71.7 billion worth of deals recorded nationwide. Out of all health care sub-sectors, long-term care had the biggest year in terms of deal volume and deal value, according a newly released PricewaterhouseCoopers (PwC) report. The long-term care sub-sector included skilled nursing facilities and private pay senior living options. […]
An industry veteran who helped lead the largest senior housing provider in the country is switching gears to help a regional senior living provider and operator grow dramatically. Chris Hyatt, who spent over 15 years at Emeritus Corp. before the company merged with Brookdale Senior Living (NYSE: BKD) in 2014, has accepted the position of chief operating officer and partner […]
Construction: Planned Minnesota Senior Housing Community Planned Located in Apple Valley, Minnesota, owner, developer and manager Dominium Senior Living has plans to build a 163-unit affordable senior housing community. The property was bought at the end of 2016 and construction on Legends of Apple Valley is scheduled to be complete in spring 2018. The building will […]
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