By: Zahida Siddiqi Health care staffing platform ShiftMed has raised $200 million with a particular focus on expanding its footprint across all health care market segments. The company’s app-based staffing “marketplace” connects hospitals, assisted living providers and skilled nursing facilities with workers in want of a shift. A year ago, ShiftMed announced a partnership with […]
By Amy Stulick CareTrust REIT (NYSE: CTRE) on Monday announced a change in leadership, with James Callister stepping into the role as chief investment officer at the end of the year. Current Chief Investment Officer Mark Lamb is stepping down to pursue entrepreneurial opportunities, the company shared in its news release. Callister, who currently serves […]
By Amy Stulick National Health Investors Inc. (NYSE: NHI) teased more investment activity before the end of the year, as the company seeks to take advantage of a normalizing seller’s market. NHI CEO Eric Mendelsohn said the Murfreesboro, Tenn.-based real estate investment trust (REIT) is targeting another $50 million to $60 million in additional asset […]
by Alan Butler Erickson Senior Living is one of the largest U.S. senior living providers, with more than 28,000 residents and nearly 15,000 employees. CEO Alan Butler shares his thoughts on the labor crisis in senior living, and how Erickson has responded. For all the operational strains the Great Resignation has imposed on companies during […]
By Amy Stulick The Biden administration on Monday unveiled a sweeping set of proposed nursing home reforms, taking particular aim at private equity ownership. While private-pay senior living providers have expressed some concern about the potential for greater federal regulation in the aftermath of the Covid-19 pandemic, the White House has focused its attention first […]
By Alex Zorn DigitalBridge Group Inc.’s sales of its wellness infrastructure business, including numerous senior living communities, is complete. DigitalBridge (NYSE: DBRG) — formerly known as Colony Capital —originally announced the sale in September 2021 to an investment group composed of Highgate Capital Investments and Aurora Health Network. DigitalBridge’s wellness portfolio included 118 senior living […]
Best Repositioning of 2021: $80M Project Transforms Former UCLA Dorm into Luxury Watermark Community
By: Jennifer Lagemann Formerly a UCLA dormitory at the corner of Tiverton and Weyburn Avenues in West Los Angeles, a 14-story tower has been transformed into senior living community The Watermark at Westwood Village. The repositioning of this building paid homage to the structure’s mid-century modern aesthetic while updating the structure to support the wellness-focused […]
By Amy Stulick Located on the grounds of Sebille Manor, a former military housing complex, Michigan’s newest state veterans home is the first to serve the southeast and Detroit region. And, it’s doing so with an innovative small-home concept that brings infection control and other benefits in a design-forward manner. The 152,000-square-foot campus of the […]
By Lynne Katzmann In the last several weeks, I have attended birthday celebrations for both a 102- and 106-year-old resident. So while people may be coming to senior living later, many will live longer. In fact, a recent study released by the Stanford Center on Longevity states that 50% of today’s 5-year-olds are likely to […]
By Patrick Filbin More than 18 months since the start of the Covid-19 pandemic, senior living providers face extraordinary staffing shortages and employee retention challenges, including in their dining operations. A recent survey of 110 senior housing facilities by Senior Housing News, conducted with Sodexo, attempted to gauge how companies are experiencing the staffing crunch, […]
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