Senior Living Providers Have Little Room for Error As Margins Shrink

In the past six months, many U.S. senior living providers have watched their revenues dry up as their expenses skyrocket. But that doesn’t mean there aren’t tools available for them, either. On the expenses side, there are avenues for controlling costs in the budget even as testing, personal protective equipment (PPE) and labor costs become […]

How Brookdale, Discovery, Senior Star and Ascension are Meeting the Pandemic ‘Inflection Point’

Covid-19 has changed the state of play, but that doesn’t mean other long-term forces have stopped shaping the senior living industry. In addition to a deadly pandemic, senior living providers must also contend with the evolving preferences of the baby boomers, along with the lingering effects of recent supply-demand imbalances in markets across the country […]

Capital Senior Living CFO Hendrickson to Step Down

Capital Senior Living (NYSE: CSU) Executive Vice President and CFO Carey Hendrickson is making his exit. Hendrickson is leaving the Dallas-based senior living operator to work as CFO of U.S. Physical Therapy (NYSE: USPH), a Houston-based operator of outpatient physical therapy clinics, according to a press release. He is set to remain CFO of Capital […]

In the Pipeline: Atria, Related Cos. Eye New Rochelle; Atlas Grows in Georgia

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Atria, Related Cos. Project Planned in New York State Atria Senior Living, Related Companies and KOSL Building are seeking to […]

Kramer: Covid-19’s ‘Creative Destruction’ of Senior Living Requires New Tech-Driven Models

The ongoing Covid-19 pandemic is dismantling a long-held notion among some senior living providers that health care is not their domain. That doesn’t mean senior living providers need to abandon hospitality-driven models altogether. But it does likely mean they need to rethink how they coordinate care within their communities, according to Nexus Insights Founder and […]

Grace Management President: We Are Restarting Growth, Cautiously Optimistic on Covid-19 Outlook

Grace Management is preparing for an active year ahead, as its President Guy Geller believes that proven operators will have opportunities despite ongoing operational and financial pressures from the Covid-19 pandemic. The company — a wholly owned subsidiary of CPF Living Communities — anticipates closing on a new acquisition this month, with more expected opportunities […]

Balfour Hires Hospitality Veteran Riggs as First CFO

Balfour Senior Living has hired Trip Riggs as its first-ever CFO. Riggs joins the Louisville, Colorado-based senior living provider from Vail Resorts Hospitality and Vail Resorts Real Estate, where he worked as divisional CFO. His prior experience also includes working in operations, hotel ownership and development, and public accounting. In taking on his new role, […]