StoneGate Senior Living is launching a “Central Intake Center” at its Dallas headquarters, with the goal of achieving increased referrals and move-ins. The new center is focused on medical referrals for StoneGate’s 12 Dallas-area skilled nursing facilities, but the management company ultimately wants to centralize intake for its assisted living communities as well. “We’re going from […]
One of the largest and priciest senior housing deals of the year has been Columbia Pacific Advisors’ acquisition of 79 Hawthorn Retirement Group properties, announced in June. That transaction also contributed to a banner day for Berkadia on Sept. 7, when the firm’s Seniors Housing and Healthcare Group closed more than $1 billion in financings. The […]
Senior living providers are always looking for ways to keep residents healthier and prevent move-outs to higher care levels. Lutheran Senior Services has achieved these twin goals through a telehealth program dubbed Project Wellness. The nonprofit provider has achieved an 11% reduction in move-outs to higher levels of care and reduced hospitalizations by one-third among […]
New Senior Investment Group (NYSE: SNR) is trimming its portfolio by undertaking $296 million in asset sales, the New York City-based real estate investment trust announced Thursday. The transactions involve a $186 million sale of six properties triple-net leased to Life Care Services (LCS) and a $109.5 million sale of nine properties managed by Holiday Retirement. Des […]
Sunrise Senior Living has been testing predictive analytics to make smarter hiring decisions, greatly improving retention among participating new workers. The McLean, Virginia-based operator now plans to roll out the system on a larger scale next year. Sunrise is the fourth-largest senior housing provider in the nation, with 27,125 units, according to a recent ranking […]
The struggles of industry giant Brookdale Senior Living (NYSE: BKD) have raised questions about how big is too big. While they recognize that there are lessons to be learned from Brookdale’s post-merger troubles, some industry leaders still believe that large-scale operations are feasible, if companies can figure out smarter ways to grow. After its 2014 merger with […]
Undeterred by ongoing occupancy pressures, senior housing investors have been snatching up assisted living properties at an accelerated pace. In the last year, there has been a 34% increase in assisted living sales activity, according to a newly released report from Marcus & Millichap, a Calabasas, California-based commercial real estate brokerage and research firm. With […]
Senior Lifestyle Corp. has named new co-COOs and a new chief clinical officer as part of a leadership realignment. One of the new COOs, Justin Robins, is an internal promotion. The other, Jim Pusateri, most recently worked for Senior Lifestyle rival Brookdale Senior Living (NYSE: BKD). Robins has had a 21-year career with Chicago-based Senior […]
Senior living providers might have the secret sauce to save the Medicare program more than $15 billion each year. That’s the message from Bloomfield, New Jersey-based Juniper Communities, which provides assisted living and memory care services at 22 communities in Pennsylvania, New Jersey, Colorado and Florida. Likely thanks to the company’s Connect4Life integrated care model, […]
Striking senior housing design is on display from coast to coast, but those who want a mega-dose should visit Colorado. Of the 29 Senior Housing News Architecture & Design Awards winners since 2013, six are located in the Denver area or nearby Boulder. Click on the map below to take a virtual tour of these properties […]
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