Solera Senior Living hired Jamie Ranzan as president, in the latest hiring move for the growing Denver-based company. Ranzan comes to Solera from MorningStar Senior Living, where she was chief financial officer. She joined MorningStar in October 2016, as that company was beginning its own sustained period of growth, she told Senior Housing News in […]
When Steve Kennedy and Kass Matt chose April 1, 2020 to launch their new financial venture, VIUM Capital, they had no idea that they would be entering a chaotic capital markets landscape. “We picked this date out several months ago,” Kennedy told Senior Housing News. VIUM is launching as real estate capital markets enter an […]
The coronavirus pandemic poses new challenges by the day to long-term care providers across the continuum. But the challenges are even more pronounced for memory care operators. Those challenges include limiting the ability of memory care residents to walk about freely and congregate with each other, and ensuring their daily routines are as unaffected by […]
The Covid-19 pandemic has exposed how much the senior care industry lags in embracing technology for workforces and residents, and now providers are sprinting to implement solutions. As a result, technology providers are clocking huge surges in demand, with telehealth solutions and resident engagement/communication tools among the most sought-after products. This marks a jaw-dropping development […]
The Covid-19 pandemic has forced a Nebraska assisted living facility operated by Enlivant to evacuate its residents to other homes and undergo a full-scale disinfection process. A similar situation played out in New Jersey, raising the prospect that temporary facility closures will be among the Covid-19 effects that senior living providers must cope with. The […]
Capital Senior Living (NYSE: CSU) watched hopefully as its turnaround strategy gained momentum in the fourth quarter of 2019 and first quarter of 2020. Then the process ran into the obstacle that is the Covid-19 pandemic. The Dallas-based operator’s leadership team believes, however, that the hard work put into the turnaround allowed the company to […]
The Covid-19 pandemic has created an environment of peak volatility for senior living, but the industry’s need-based, recession-resilient components open it up to available sources of liquidity. And as a real estate class, it is far more stable than other product such as retail and hotels. Already, lenders are retreating to the sidelines, becoming extremely […]
Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]
Dr. Bill Thomas believes that the senior care industry’s initial response to the Covid-19 pandemic has been exceptional and inspiring, overall. As the outbreak continues to spread and more positive tests for the virus emerge, however, the next phase of response will tax the industry’s resources in unimaginable ways — and change senior housing and […]
Continuing care retirement communities face unique challenges in responding to the Covid-19 pandemic. Their large sizes, multiple entry points, varying levels of care acuities and layers of government regulations place added pressures on ensuring the safety of residents and containing the spread of the virus if someone tests positive. But providers can adapt their communicable […]