The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Cassie Tweten, chief sales officer for Arrow […]
Covid-19 is having a lasting impact on the present and future of senior housing design, and the costs associated with development. The pandemic is accelerating trends that were already in progress such as well-programmed outdoor spaces, more multipurpose rooms, and larger residential apartments. And it is forcing new tweaks to designs including well-appointed staff break […]
Capital Senior Living (NYSE: CSU) is moving forward with its plan to raise up to $153 million via a private placement of convertible stock to affiliates of Conversant Capital. The transaction is necessary to meet immediate needs for working capital and secure the future stability of the company, according to documents filed this week. The […]
United Church Homes and Services has a new name. The Newton, NC-based nonprofit provider is rebranding as EveryAge, in conjunction with the organization’s 50th anniversary. “While our name is changing, our mission and vision remain steadfast,” EveryAge President and CEO Lee Syria said in a statement. “EveryAge is committed to enriching lives by providing the […]
This article is an exclusive feature available as a part of your subscription to SHN + Determining if a market or site is feasible for a business can often be an imprecise science. Demographic studies identify overarching trends within an area such as population, generational breakdowns, household sizes, education and income levels, housing stock, and […]
A bill introduced last month in the United States Senate would allow in-home care alternatives to skilled nursing facilities and poses substantial ramifications for private-pay senior living providers. Sponsored by Sens. Debbie Stabenow (D-Mich.) and Todd Young (R-Ind.), the Choose Home Care Act of 2021 would allow certain Medicare beneficiaries to receive extended Medicare services […]
Diversified Healthcare Trust (Nasdaq: DHC) is nearing completion of its plan to transition 108 communities managed by Five Star Senior Living (Nasdaq: FVE) by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) on Tuesday announced it entered into a new management agreement with Cedarhurst Senior Living for seven assisted living facilities […]
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]
Sienna Senior Living (TSX: SIA) is giving its employees the opportunity to become literal stakeholders in the company. The Markham, Ontario-based operator on Thursday announced the launch of Sienna Ownership and Reward, or “SOAR,” a program which will reward full- and part-time employees with common shares of stock, giving them an ownership stake in the […]
Residents of long-term care facilities will be the first to receive additional Covid-19 booster vaccinations, after the Biden administration announced Wednesday that a third shot is needed to fight off waning immunity in fully vaccinated people. The Biden administration is also set to mandate vaccinations among nursing home staff as a condition to continue receiving […]
