Welltower (NYSE: WELL) is taking heat. At issue is the deal to transition 147 skilled nursing facilities from a JV with ProMedica into a newly formed JV with Integra Health. The controversy has implications for Welltower’s senior living strategy and the future of skilled nursing investment generally. Last week, Hindenburg Research released a lengthy report […]
Senior living companies — and other providers serving older adults — must raise their games to succeed within a new health care paradigm, as payers and consumers demand a more integrated continuum. “We all have to compete, and we all have to play harder,” Dwight Brown, CEO of Homebase Medical, said last week at Aging […]
Hospital systems across the United States are pursuing strategy shifts that are starting to reshape senior living market dynamics and suggest new operating models. Health system ProMedica shed nearly all of its skilled nursing facilities while holding onto its private-pay memory care portfolio, in a recently announced deal involving Welltower (NYSE: WELL). And about two […]
At our annual BUILD event last week, The Springs Living CEO Fee Stubblefield quipped: “You guys may want to consider changing your name to HOLD instead of BUILD, with what’s going on in financial markets.” Fee’s comment captured one message that came through strongly at the event, which is focused on senior living development and […]
The Pennant Group (Nasdaq: PNTG) is going through changes in the C-suite. The Eagle, Idaho-based senior living, home health and hospice provider is seeking a new CFO, while its chief investment officer (CIO) is stepping down. Pennant’s independent operating subsidiaries include 49 senior living communities and 94 home health and hospice agencies. Current CFO Jennifer […]
Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]
Environmental, social and governance (ESG) investments are growing within the senior living sector, as we reported a month ago. But just as our article appeared, a KPMG survey of more than 1,300 CEOs was released, with a contradictory finding: Half of respondents are “pausing or reconsidering” planned ESG efforts within the next six months, and […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. To see this year’s Future Leaders, visit https://futureleaders.agingmedia.com/. Brendan Healy, senior managing director at VIUM Capital, has […]
While it’s no secret that middle-market senior living is a vastly underserved market, newly released data shows how stark the situation is in the most populous state in the nation. The population of middle-income older adults in California is set to increase more than 60% by 2033, reaching 1.6 million people. Of that group, more […]
Since becoming CEO of Pennant Group (Nasdaq: PNTG) in August 2022, Brent Guerisoli has been focused on one area above all else: leadership. “We don’t really see ourselves as a health care provider or a senior living provider only — we see ourselves as a world-class leadership organization,” Guerisoli said during a recent SHN+ TALKS […]
