Biden Pledges ‘Laser-Focus’ on Vaccines for Residential Care, Targeted Interventions for Assisted Living

One day after President Joe Biden took office, his administration released its national strategy for combating Covid-19. The 200-page plan calls for a “laser-focus” on vaccinating people at highest risk, including older adults and people in congregate settings, as well as “targeted surge assistance” to help contain Covid-19 outbreaks in assisted living. “The United States […]

Atria, Related JV Moves in Intriguing Directions

Related Cos. and Atria Senior Living have been tight-lipped about plans for their $3 billion development pipeline, so I was excited when NY YIMBY recently published renderings of the project underway in New York City. Interested in this report? Sign Up for SHN+ Senior Housing News+, a premium membership that provides you with access to […]

Welltower Senior Housing Occupancy Falls to 75.3% Amid Pandemic’s Winter Resurgence

Numbers from real estate investment trust Welltower (NYSE: WELL) provide the latest evidence that high Covid-19 infection rates across the country are taking a toll on senior housing communities. Occupancy in the REIT’s senior housing operating (SHO) portfolio fell 220 basis points in the fourth quarter of 2020, to 76.2%, according to a business update […]

New Operator Prosper Life Care Acquires First 2 Communities, Targets Middle Market

Although Covid-19 made the process longer and more complicated than anticipated, a new senior living operator — Prosper Life Care — has now acquired its first two communities. Both communities are located in Massachusetts and were previously owned and operated by Landmark Senior Living, which is exiting the sector to focus on addiction treatment. Landmark […]

Brookdale Reports December Occupancy of 71.5%, Progress on Vaccinations

Occupancy continued to slide for Brookdale Senior Living (NYSE: BKD) as 2020 came to an end, with both weighted average occupancy and month-end occupancy sitting at 71.5% in December. However, the new year brought better news for the nation’s largest senior living provider, with about 90% of its communities having completed or scheduled an initial […]

Former Capital Senior Living CEO Cohen, Colleagues Launch Trustwell Living

A team of senior living veterans including former Capital Senior Living (NYSE: CSU) CEO Larry Cohen is launching a new operating company, Trustwell Living. Cohen is starting Trustwell Living with three of his colleagues from Capital Senior Living, according to a press release issued this morning. Cohen led Dallas-based Capital as CEO and vice chairman […]

What the Launch of Papa Health Could Mean for Senior Living

Papa, a service that provides on-demand companionship to older adults, now has gone nationwide and launched a new Papa Health service. Having raised a total of $31 million in venture capital, the startup is eyeing ways to work with senior living providers as it continues to expand. Founded in 2017, Papa provides on-demand assistance and […]