With Covid-19 dominating the news for most of 2020, it’s no surprise that the most-read stories of the year were all related to the pandemic. In particular, readers were interested in how Covid-19 might change the way that communities are designed, with the top two stories both focused on this topic. And the hottest design […]
A transaction announced last Friday provides another sign of the increasing role of special purpose acquisition companies (SPACs) in shaping how older adults receive care and services. SPACs — also known as “blank check companies” — raise capital in public offerings, with the purpose of acquiring companies with high growth potential. SPACs have been very […]
When Chris Guay founded Vitality Living, he was frustrated at the industry’s slowness to innovate, and he intended to push the envelope. Four years later, he and Vitality have been through twists and turns, including joining with new partners. But Guay believes the Brentwood, Tennessee-based company is in a strong position today, with a portfolio […]
Harrison Street has reportedly raised $720 million for a new fund to be invested in senior housing and other types of real estate. The fund ultimately could raise up to $2 billion, according to a Nov. 17 filing with the Securities and Exchange Commission (SEC). Chicago-based Harrison Street raised $720 million within 60 days and […]
As this tumultuous year comes to a close, we’re digesting some more big industry news: the departure of Sunrise Senior Living CEO Chris Winkle. Sunrise quietly announced his exit in a press release posted to the company website, and did not offer information about his reasons for leaving or whether his exit indicates any change […]
Therapy providers are facing a sharp cut to their Medicare reimbursements in 2021, which threatens access to care for older adults and potentially complicates senior living operations. And this comes at a time when residents’ needs are particularly pressing, and providers are under intense pressure related to the ongoing Covid-19 pandemic. The Medicare reductions will […]
Randy Bury, the CEO of the Evangelical Lutheran Good Samaritan Society, describes himself as an optimist, and he is hopeful heading into 2021. But on the question of how quickly occupancy will bounce back in senior living, he is blunt about his doubts. “I don’t think our spigot is going to just open up again […]
PointClickCare is acquiring Collective Medical, a care coordination technology company used by more than 1,300 U.S. hospitals and every national health plan, in a move to support the integration of senior living and other long-term and post-acute settings within the larger health care system. The acquisition price is just under $650 million, Business Insider reported, […]
Going into 2021, Aegis Living is preparing for a potentially bumpy rollout of a Covid-19 vaccine, and the organization is primed for another 90 to 100 days of intense pandemic activity — but CEO Dwayne Clark predicts recovery to take hold next spring. By that point, significant herd immunity could be reached, and strong providers […]
The Centers for Disease Control & Prevention (CDC) on Wednesday eased quarantine guidance related to Covid-19, and senior living providers welcomed the news. Previously, the CDC recommended that individuals quarantine for 14 days after exposure to someone with Covid-19. The new guidelines recommend that people can stop quarantining after 7 days if they receive a […]
