Artis Senior Living has specialized in standalone memory care since its founding six years ago, but the company is about to branch out with a community set to open in 2019. Located in a bustling neighborhood about five miles north of downtown Chicago, Artis Senior Living of Lakeview (pictured above) will be the company’s first […]
Brookdale Senior Living (NYSE: BKD) is continuing to make headway with its real estate investment trust (REIT) partners as it shrinks its portfolio and re-balances from leased properties toward owned assets. Brentwood, Tennessee-based Brookdale is the nation’s largest senior housing company, with a total portfolio of about 1,010 communities. The goal is to reduce that […]
As publicly traded real estate investment trusts (REITs) have stood on the sidelines of more senior housing deals in recent years, private equity (PE) has jumped into the game. Major institutional PE players such as Kayne Anderson Real Estate Advisors (KAREA) and Bridge Investment Group have each raised funds in excess of a billion dollars […]
One the largest providers of home health care in the United States is rapidly growing its business division focused on providing services within senior living communities. Moorestown, New Jersey-based Bayada Home Health Care launched its Bayada Senior Living arm about a decade ago, recognizing a market need. Now, that division of Bayada is growing even […]
With the senior living industry facing a workforce crisis, it’s becoming increasingly urgent to draw talented students to the sector. Two different projects, one involving non-profit provider Mather Lifeways and the other involving commercial real estate firm JLL, showcase the potential payoffs if senior living professionals and residents can engage with college students. The projects […]
On Wednesday, AARP announced its collaboration with three startups that are focused on various aspects of caregiving for seniors. These partnerships are part of a larger strategy for AARP, where the Enterprise Innovation division is under a new leader and has expanded its strategic focus to include product development through in-house “startups.” After conceiving of […]
Even if they’re turning out impressive and delicious plates of food like clockwork, chefs in senior living are probably very insecure. Chefs tend to be insecure due to the nature of their work, and knowing that should help senior living executives provide more consistent and helpful support to these teams, according to a culinary operations […]
With unemployment hovering around 4% nationally, senior living providers are getting creative as competition for workers heats up, experimenting with new ways of supporting employees and attracting applicants. For example, St. Louis-based Provision Living has hired life coaches to be available in its buildings, to help staff “break through different obstacles in their life,” Provision […]
Ventas (NYSE: VTR) shares have been surging since the company announced its quarterly earnings last Friday, and its CEO Debra Cafaro received effusive praise from CNBC’s Jim Cramer during a Monday night appearance on his show Mad Money. “This was the quarter that we’ve all been looking for, all of the objections have been answered,” […]
The acquisition of HCR ManorCare by nonprofit health system ProMedica could be a sign of things to come for senior housing and care. Specifically, health systems and managed care organizations are increasingly seeing the value in owning senior living and skilled nursing providers, and they could become more active buyers in the future—particularly if this […]
