From a lack of diversity among board members to old-school ways of doing business that need to change, there are a number of reasons why nonprofit senior living providers need to evaluate and potentially update their governance structure and practices. If they don’t, nonprofits could find their market share eroded by more nimble for-profit competitors, cautions […]
Oct. 17 Editor’s Note: The co-creation pilot program officially launched today. Approximately 50,000 TREO razors are available for consumers to test and can be requested at www.gillettetreo.com. Gillette’s famous tagline is “The Best a Man Can Get.” But if that man is a senior being shaved by a caregiver, even the best razors from Gillette–or other companies–haven’t been doing […]
As the baby boom generation ages in the coming years, demand for private-pay senior living is expected to soar—but so too is demand for at-home care. Recognizing this, many independent living and assisted living companies are taking a closer look than ever before at the opportunity and risks in expanding their services to include private-pay […]
Sabra Health Care REIT (Nasdaq: SBRA) is making moves following its recently completed mega-merger with Care Capital Properties. Sabra is focused on improving the performance of 16 CCP properties, and the effort could involve rent reductions of $33.5 million. Click here to read more complete coverage on Skilled Nursing News.
An embattled senior living developer has notched a legal victory in a lawsuit involving the EB-5 program for foreign investors. Last June, the SEC filed a lawsuit against Taher Kameli and development groups he created, including Bright Oaks Group, alleging that they had mishandled and/or misused tens of millions of dollars raised from hundreds of […]
A new campaign is sparking conversations about aging and senior living in airport security lines and other unlikely spots across the country. Called “Old People Are Cool,” the initiative is meant to combat ageism and raise the profile of the senior care industry, says Charles de Vilmorin, who started the project. He is CEO and […]
Maplewood Senior Living has ambitions to create top-flight urban senior housing, but is also undertaking a project far from the bustle of the city. The Westport, Connecticut-based provider has big plans for a farm that the company owns, which provides ingredients for its culinary operations. Farm-to-table cuisine is important to Maplewood CEO Greg Smith, who […]
Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]
Senior housing occupancy should start ticking up over the next 12 months, many commercial real estate (CRE) professionals believe. The fourth annual Seniors Housing Market Study from the National Real Estate Investor and the National Investment Center for Seniors Housing & Care (NIC) drew responses from 153 CRE pros. Among these respondents, 65% said that […]
Avamere Health Services, a major regional senior care provider in the Pacific Northwest, has a new CEO. John Morgan, who began serving as CEO in 2012, has been replaced in that position by Gary Wart, Avamere confirmed Thursday to Senior Housing News. Avamere had not responded to requests for further comment as of press time. […]
