Oakmont Senior Living is under media scrutiny for how it handled the evacuation of a community last week during the devastating wildfires in Northern California. A family-owned and operated business, Oakmont has planned and developed more than 40 senior living communities in the western United Read More »
Senior Lifestyle CEO: C-Suite Restructure Already Paying Off
One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Read More »
Aging2.0 Optimize: How Revera Created an Innovation Hub from Scratch [Sponsored]
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The Aging2.0 OPTIMIZE conference brings together 1000+ senior care executives, tech companies, investors and entrepreneurs from around the globe. This not-to-be-missed event November 14-15 in San Francisco will feature captivating keynotes, exclusive networking opportunities, unique market insights and a cutting-edge showcase of innovative exhibitors. Sign up Read More »
Potential Labor Laws Threaten Senior Living Profitability
While federal policies have shifted in a pro-business direction since President Donald Trump took office last January, potential labor law changes still could threaten the bottom line for senior living providers. “It has played out that the new administration is friendlier to business,” Maribeth Bersani, COO Read More »
Sunshine Retirement Offers Discount for Victims of Wildfires
Wildfires sweeping across Northern California have led to mass evacuations, with seniors among more than 20,000 people who fled their homes—thousands of which have been destroyed. It’s likely that some of these displaced older adults will now decide to live in a senior housing community, Read More »
Provision Living Finds Success at a Fraction of Its Former Size
Bigger is not always better in senior living. The struggles of industry giant Brookdale (NYSE: BKD) are evidence of this, but a different provider—St. Louis-based Provision Living—offers another case study in the merits of being a leaner, more focused enterprise. Founded in 2005, Provision had grown Read More »
StoneGate Senior Living Upgrades Referral Management with New Center
StoneGate Senior Living is launching a “Central Intake Center” at its Dallas headquarters, with the goal of achieving increased referrals and move-ins. The new center is focused on medical referrals for StoneGate’s 12 Dallas-area skilled nursing facilities, but the management company ultimately wants to centralize intake Read More »
Berkadia Bullish on Senior Housing After Its $1 Billion Day
One of the largest and priciest senior housing deals of the year has been Columbia Pacific Advisors’ acquisition of 79 Hawthorn Retirement Group properties, announced in June. That transaction also contributed to a banner day for Berkadia on Sept. 7, when the firm’s Seniors Housing Read More »
Nonprofit Provider Extends Length of Stay with Telehealth Program
Senior living providers are always looking for ways to keep residents healthier and prevent move-outs to higher care levels. Lutheran Senior Services has achieved these twin goals through a telehealth program dubbed Project Wellness. The nonprofit provider has achieved an 11% reduction in move-outs to Read More »
New Senior to Sell Holiday, LCS Properties for $296 Million
New Senior Investment Group (NYSE: SNR) is trimming its portfolio by undertaking $296 million in asset sales, the New York City-based real estate investment trust announced Thursday. The transactions involve a $186 million sale of six properties triple-net leased to Life Care Services (LCS) and a $109.5 Read More »
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