Asbury CEO Leidig: We’ve Changed Our Business to Drive Innovation

Like some other senior living leaders, Asbury Communities CEO Doug Leidig believes that the industry is changing quickly and new ways of doing business are needed. Leidig is looking ahead to the baby boomer generation, and he sees a huge but fragmented consumer group that will not be satisfied with senior living as it exists […]

Senior Living Providers Could Acquire Home Health On the Cheap in 2020

Senior living providers could have a golden chance to acquire home health agencies early next year. Although, the opportunity is not for the faint of heart. On January 1, 2020, a new home health Medicare payment framework will take effect. Dubbed the patient-driven groupings model (PDGM), the system could overwhelm smaller home health agencies and […]

Access Industries Acquires Majority Stake in JEA Senior Living

Access Industries, a New York-based investment firm, has acquired a majority stake in Vancouver, Washington-based JEA Senior Living. In March 2019, Access purchased 10 JEA communities in Washington, Oregon, Texas, Tennessee and Indiana. Now, Access has invested in the JEA management company as part of an effort to expand its ownership and management of senior […]

Former Fed Chair Yellen: Senior Housing Could Feel Pain of ‘Root Canal Economics’

Economic trends suggest that the senior living industry should prepare for pain. Low interest rates have become the new normal and could soon go even lower, and this will continue to hurt seniors’ ability to bankroll their retirements, former Federal Reserve Board Chair Janet Yellen said Thursday at the National Investment Center for Seniors Housing […]

Juniper’s New Programming Model Gets Dramatic Start with Broadway Senior

The title song to the musical Cabaret was most famously performed by Liza Minnelli — but it took on new layers of meaning when sung by Susanne Hinrichs. Hinrichs is an 89-year-old resident of Juniper Communities’ senior living campus in State College, Pennsylvania. She found herself performing Cabaret because Juniper is piloting an ambitious new […]

Second Act Financial Aims to Reinvent Retirement Banking, Targets Senior Living

Older adults are not well-served by today’s retail banks, entrepreneur and former senior living executive Elias Papasavvas believes. He’s out to change that with his new venture, Second Act Financial Services — including by offering more attractive financing to help people move into senior living communities. Second Act had its soft launch on Tuesday. It […]

Watermark, Hines Hope for Canyon Ranch Partnership on Senior Living Projects

Senior living provider Watermark Retirement Communities and real estate development firm Hines are teaming up on senior housing projects — and would like to involve wellness pioneer Canyon Ranch as well.  The three companies were pursuing a highrise project in the Tanglewood neighborhood of Houston. That proposed 20-story tower met with pushback from area homeowners, […]

After Sanford Health Merger, Good Samaritan Pursues 3-Part Strategy

Since closing on their affiliation to start 2019, the Evangelical Lutheran Good Samaritan Society and Sanford Health have pursued a three-part strategy to realize the benefits of combining and achieve long-term success. Under financial pressure, the Good Samaritan Society laid off 100 people at its Sioux Falls, South Dakota national campus in 2017. Thanks to […]