After two decades of leading Capital Senior Living (NYSE: CSU), Larry Cohen left the company in 2018 — and spent the next two years preparing for his next venture in the industry. “I left Capital always intending to come back,” Cohen told Senior Housing News. But first, he took the opportunity to again become a […]
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 […]
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 […]
Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]
More than 1,400 Amazon Echo Show devices will be distributed to assisted living communities across North Carolina by the end of this month, at no cost to providers. That’s thanks to efforts made by the North Carolina Assisted Living Association (NCALA) and senior living-focused technology platform K4Connect. The association and K4Connect have worked together for […]
With the first vaccine clinics now occurring in senior living communities, the new year is starting on a hopeful note. But while the vaccine rollout promises to make 2021 a year of recovery for senior living, the news of another big SPAC deal foreshadows that the next 12 months could also bring significant disruption. Current […]
“When you’re in a chaotic environment, you white-knuckle the status quo. We just can’t do that. We really have to think about what is the ‘new next’ that we are going towards.” Those are the words of Sequoia Living President and CEO Sara McVey, and they capture a common sentiment among other top executives in […]
“Last year, we thought that the 2020s would be a transformative decade — what an understatement. 2021 will set forth a new era in health care and senior living at large as a result of the pandemic.” These are the words of Ascension Living President Danny Stricker, but numerous other top executives in the industry […]
Progress is continuing on the urban development pipeline of Related Cos. and Atria Senior Living, with indications that a New York City project near Hudson Yards will put an Equinox fitness center in the same highrise building as an Atria-operated community. That’s according to new renderings from Handel Architects, which were published Monday by New […]
Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]
