By Audrie Martin Senior living operators have for years sought to provide their services at a rate that middle-income older adults can afford. For memory care operators, that is a tough task. Faced with a resident population that needs much more care than is typical in other product types like independent living, memory care operators […]
By Amy Stulick Skilled nursing beds have contributed to operational stress at continuing care retirement communities (CCRCs) this year, according to a new report from Fitch Ratings. Fitch recorded eased labor challenges as well among skilled nursing providers as part of its “exposure draft” document that proposed revising rating criteria for CCRCs. Such campuses continue to […]
By: Sloane Airey Memory care providers are looking at new – and old – ways to market their services to prospective residents. Doing so is perhaps harder than ever before. Residents and their families are doing their research online more than before the pandemic. But that can be a double-edged sword. A recent series of […]
By Amy Stulick Mark Parkinson, CEO and president of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), is in 2025 planning to retire from his role after 13 years with the association. Parkinson plans to stay on until Jan. 15 of next year, as the association launches its search for a new […]
By: Zahida Siddiqi Sanford Health is through subsidiary Evangelical Lutheran Good Samaritan Society planning a $200 million continuing care retirement community (CCRC) as part of a larger expansion into the space. The Good Samaritan Society executives told Senior Housing News sister site Skilled Nursing News that the funding for the project is an outcome of […]
By: Amy Stulick American Healthcare REIT raised $672 million in its initial public offering, representing the lower end of its initial target. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as […]
By: Lynne Katzmann Change is hard. Senior living providers have discovered that repeatedly in recent years, as they have tried to adapt and evolve to new consumer preferences, new payment models, new technology, and other challenges and transformations. Change is really hard if you don’t understand the “why” behind the change. Said another way, change […]
The baby boomer age wave will increase the need for senior living across the country, but some cities will be particular hotbeds of demand. A recent list from Move.org ranks the top cities for empty nesters, highlighting some smaller metro areas that could be attracting large numbers of older adults in the coming years. Carson […]
Nonprofit senior living provider HumanGood credits better employee engagement with driving down nursing turnover 36% and dining staff turnover by 48% between 2014 and 2016. The Pleasanton, California-based provider worked with employee engagement firm Brand Integrity to achieve these results. Now, Brand Integrity—which has a stable of other health care and senior living clients—has been […]
by Jeremy S. Herman, CPA – Tax Partner with Plante Moran The Tax Cuts and Jobs Act (TCJA), passed just a few days before the close of 2017, is a significant piece of legislation and affects nearly everyone in the senior housing industry—no matter the size, specialty, market or corporate structure. As with any tax […]
