Commercial liability insurance rates for the senior living and long-term care industries could increase as much as 30% or more in 2019, and that could spell financial headaches for some providers going forward. That’s according to a new report from risk management, insurance brokerage and advisory company Read More »
New Charter COO Sallerson: I’ve Seen How Some Operators ‘Muck it Up’
Industry veteran Jayne Sallerson has a new feather in her cap, having just been elevated to COO of Naperville, Illinois-based Charter Senior Living. But she has her work cut out for her, too. Charter, a relative newcomer in the industry, plans to more than double the Read More »
Welltower Plans Second Senior Living High-Rise in Manhattan
Welltower Inc. (NYSE: WELL) is collaborating with real estate firm Hines on the development of a new high-rise senior living community in the Big Apple. The two companies announced Friday they closed on an acquisition that will pave the way for the construction of a Read More »
As Other Industries Hire Older Adults, Senior Living Is Following Suit
While senior living providers are focused on attracting younger workers to help fill job vacancies, they shouldn’t write off older adults, either. Some large companies are looking to hire older adults in an effort to beat the ongoing labor crunch. The idea of hiring seniors has Read More »
Movers & Shakers: Charter Senior Living Names Sallerson COO
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that Read More »
Barrack Returns as Colony Capital CEO, Expresses Frustration with Health Care Assets
Some sizable changes are afoot at Colony Capital (NYSE: CLNS), the company formerly known as Colony NorthStar. The firm is a major owner of U.S. senior housing real estate, but its new CEO suggested that it may shrink that part of its portfolio as disposition opportunities arise. Tom Read More »
Capital Senior Living Strives to Streamline Operations, Rein in Expenses
Industry headwinds caused some turbulence at Capital Senior Living (NYSE: CSU) this quarter, but the company has a plan to steer the ship into calmer waters, executives said during a third-quarter earnings call Tuesday. They are focused on strategic rate setting as discounting has dissipated in some Read More »
NHI Reduces Rent for Holiday Retirement, Sabra Favors Different Approach
Some of the nation’s largest senior housing landlords are changing or reconsidering their leases with independent living giant Holiday Retirement. National Health Investors (NYSE: NHI) has inked a new lease agreement with tenant Holiday in a move meant to position the operator for long-term success, Read More »
In the Pipeline: Wolff Grows Revel Brand; Benchmark’s First New York Community
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: In progress Wolff Breaks Ground Read More »
Beyond Millennials: Senior Living Must Now Win Over Generation Z Workers
The leading edge of the “generation Z” age group has joined the U.S. workforce, meaning senior living providers need to be thinking about how to attract and retain them as employees. As the industry grapples with a labor crunch, the difference between staffing success and Read More »
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