Long-awaited federal financial support for assisted living providers is on the way, according to the American Seniors Housing Association (ASHA). Private-pay assisted living providers will have access “very soon” to the Department of Health and Human Services (HHS) Provider Relief Fund, an HHS official told ASHA leadership on a call Wednesday. The overall dollar amount […]
About 60 days ago, leaders at Cedarhurst Senior Living came to a realization, causing them to shift from crisis response to restarting enterprise growth on a foundation of operational stability. “We need to embrace the world we’re in and figure out how to operate within it, or fall behind and lose opportunities,” CFO Stephen Wertman […]
Five months after Covid-19 reached U.S. shores, reality is sinking in about how long senior living communities will have to remain on a pandemic footing. For Lake Oswego, Oregon-based Eclipse Senior Living, one of the key areas of focus right now is “pushing a recalibration,” to help associates shift from the “sprint” of immediate crisis […]
Commonwealth Senior Living managed to offset pandemic-related occupancy loss and post a quarter-over-quarter increase in net operating income (NOI) by continuing to drive rate growth in Q2. “The results are particularly impressive considering the ongoing pandemic,” Scott White, CEO of Invesque (TSX: IVQ.U and IVQ), said Thursday on the Carmel, Indiana-based real estate investment company’s […]
Colony Capital (NYSE: CLNY) has transferred ownership of 36 senior housing properties to a lender, as a step toward resolving a default. Los Angeles-based Colony is a global digital infrastructure, real estate and investment management firm with $46 billion in assets under management. Its health care portfolio includes senior housing, skilled nursing facilities, medical office […]
Murfreesboro, Tennessee-based National Health Investors (NYSE: NHI) collected approximately 100% of rent in Q2 2020 and posted solid quarterly earnings; looking ahead, the real estate investment trust (REIT) is taking steps to support its tenants in light of ongoing pandemic-related challenges. That is the backdrop for an agreement to defer $2.1 million in third-quarter 2020 […]
Thanks to a complex transaction that was four years in the making, a distressed Florida continuing care retirement community (CCRC) will have a new owner and manager — and could become a model of modern senior living at a more affordable price point. “We identified this as an opportunity because it’s kind of been untouchable, […]
SRG Senior Living came into 2020 with momentum, having raised the bar on its wellness model while pursuing several other innovative initiatives in recent months and years. The Solana Beach, California-based provider is now benefiting from that hard work in its response to Covid-19, Founder and CEO Michael Grust told Senior Housing News. Notably, its […]
Marc Vorkapich was volunteering in residential care in 1991, when an older woman he “adored” told him: “All of my life I have been the life of the party, here I am invisible.” “My heart was broken,” Vorkapich says. “During the following weeks, declining health quieted her voice and, for a moment, my own.” But […]
Over the course of a decade, John Cochrane has led the creation of HumanGood, earning the status of changemaker by cementing the organization’s status as a senior living industry innovator. Pleasanton, California-based HumanGood initially was created through the 2015 affiliation of be.group and American Baptist Homes of the West (ABHOW), which came together to create […]
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