Senior living communities are beginning to take a new approach to blending hospitality with more robust health care, in a trend sure to influence future developments. In the past, private-pay senior living providers often set themselves apart from more institutional options by emphasizing a hospitality approach inspired by hotels, and taking a light touch with […]
Presbyterian Senior Living and Westminster Communities of Florida are considering a merger that would result in a combined not-for-profit organization with 54 communities, serving about 13,000 seniors across the full continuum. With a unit count over 7,100, the merged entity would rank as the fifth-largest not-for-profit senior housing and care organization in the nation, going […]
As Leisure Care pushes forward with an East Coast expansion and prepares to open a 24-story senior living community in downtown Seattle, the company is also focusing on workforce development through a paid internship program called Discover. As of 2018, Leisure Care was the 16th-largest senior living provider in the nation, with a portfolio of […]
Now is the time to think big about how senior living can serve a rapidly expanding middle-income market. “It’s a time to throw spaghetti against the wall,” Beth Burnham Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC), told Senior Housing News. Mace is a co-author of a newly released […]
By 2029, there will be 14.4 million middle-income older adults in the United States, and 54% of them will lack the financial resources to pay for senior living at today’s average market rates. This presents a massive business opportunity but also a potential crisis for public health and government insurance programs. These are among the […]
Grace Management has started to revamp its dining operations, introducing all-inclusive pricing and creating multiple venues throughout its 53-property portfolio. Minneapolis-based Grace is the operating company affiliated with CPF Living, the senior housing arm of private equity firm Chicago Pacific Founders. The Grace portfolio has been built up through a series of acquisitions, so one […]
Silverado CFO Christian Sweetser has a passion for data. And in building the company’s financial planning and analytics department, he’s focused on getting other people throughout the organization excited about the numbers, to drive the company’s mission and bottom line. “You have to make it real for people and connect it to what they do […]
Seven years after its founding, Civitas Senior Living has gained significant scale and is in a major development push. The Fort Worth, Texas-based company has a portfolio of 35 operational communities and plans to add another 20 within two years. For some of these developments, Civitas is working with capital partners that are entering senior […]
Kisco Senior Living is bringing voice-enabled smart home technology to its communities, in a bid to gain operational and financial efficiencies while enhancing resident and family satisfaction. Carlsbad, California-based Kisco joins a few other senior living providers that are implementing smart home technology and introducing Amazon Echo devices into units — and the trend is […]
Senior living is in a period of tremendous change and upheaval. Providers must accept this and get creative if they are to survive and thrive, five senior living executives said this week at the Argentum conference in San Antonio. “I think the common theme is change — change in how we operate, change in technology, […]
