Discovery Senior Living had a landmark year in 2019, hiring its first COO, making strides on an “experiential living” model, and striking major deals with real estate investment trusts Welltower (NYSE: WELL), HCP (NYSE: HCP) and NHI (NYSE: NHI). Memory care has been another major focus, and the Bonita Springs, Florida-based provider recently announced that […]
Cedar Communities, a recently formed senior living private equity firm and operating company, has been busy. Since July, Cedar has acquired five communities, providing momentum for further growth in 2020. Cedar was founded a little over two years ago and is building a portfolio of “boutique-sized” facilities in the U.S. Southeast, co-founder and Managing Director […]
Staff injuries sustained while transferring residents* have always been a top concern for senior living providers, and the issue has become more severe and costly in recent years — with memory care facing some of the toughest challenges. With this in mind, Irvine, California-based memory care pioneer Silverado is among the first group of providers […]
The year was 2011. After 23 years with Life Care Services (LCS), Jim Biggs had risen the ranks to vice president and was overseeing operations for 23 communities, when he decided to make a big change. He would join two other people to co-found a senior living company in China, and move there to get […]
Senior Housing News, an Aging Media Network publication, is pleased to announce that over 100 entries have been submitted to the 6th annual Senior Housing News (SHN) Architecture & Design Awards, sponsored exclusively by senior living furniture provider Kwalu. (http://www.shnawards.com). Communities across the country and globe submitted new construction and renovation projects, vying for top […]
With its workforce burdened by crushing student loan debt, Trilogy Health Services started a repayment assistance program. About four years after starting that program, the Louisville-based senior housing and care provider is paying out nearly $2 million annually to about 1,500 associates, and is seeing a dramatically better retention among these workers. But loan repayment […]
I’m sick of hearing about career ladders. With workforce challenges putting senior living operators under intense pressure, I ask industry leaders about recruitment and retention strategies whenever I have a chance. Sometimes, people share interesting and effective ideas. Most often, though, I hear about career ladders. Or the benefits of having a strong, mission-oriented culture. […]
Merrill Gardens will go into 2020 a larger company with a new capital partner, thanks to a joint venture with ReNew REIT to acquire a 26-property portfolio of assisted living and memory care communities. The portfolio previously was owned by New Senior Investment Group (NYSE: SNR). On Nov. 1, the New York City-based REIT announced […]
One of the largest senior living providers in the nation is making a push to also have the most innovative assisted living care model. Hickory, North Carolina-based Affinity Living Group hired Dr. Kevin O’Neil as its chief medical officer (CMO) about eighteen months ago. O’Neil is no stranger to the senior living world. He served […]
As more senior housing and care providers get in the Medicare Advantage (MA) game, it is becoming increasingly clear that they are playing a team sport. A striking example comes from Minnesota’s Twin Cities, where 10 different providers have come together with a health insurer and a geriatric medical practice/care management organization to launch one […]