Aegis Living has promoted Chief People Officer Sandra Preyale to the role of president and Regional Vice President Howard Jacobs to the role of COO. Aegis also promoted Lee Kaufmann to the role of senior vice president of human resources. The moves are intended to help support the company’s business growth in the coming year, […]
“During 2021, it felt like the ‘Covid-19 finish line’ kept being moved further away. I don’t think we’ll see a world without Covid-19 soon, but I think our industry is armed with the knowledge and experience to help enrich seniors’ lives better than ever.” Brookdale Senior Living CEO Cindy Baier’s words ring true for nearly […]
A record number of senior living borrowers defaulted on their municipal bond debt for the first time in 2021 — but investors have reportedly remained unfazed. Senior living companies accounted for 33 of the 64 first-time payment defaults last year, exceeding the industry’s prior record of 31 set in 2020 and totaling about $1.7 billion […]
American House Senior Living Communities has made its first entry into Tennessee by acquiring more than a dozen former Eclipse Senior Living communities as part of a transaction with Ventas (NYSE: VTR). The Southfield, Michigan-based senior living operator announced Monday the acquisition of 13 senior living communities formerly branded under Eclipse’s Elmcroft Senior Living umbrella. […]
Senior housing developer South Bay is now part of the Harbert Management Corporation (HMC) platform. The Birmingham, Alabama-based alternative asset firm in December announced it had entered into a “strategic transaction” to become majority owner and manager of Dallas-based South Bay Partners. HMC has approximately $8 billion in assets under management across multiple asset classes, […]
Earlier this year, the lofty price of new construction drove many senior living companies to shift their growth strategies in favor of acquisitions. Not Westmont Living. With all but two of its 17 communities in California, Westmont’s acquisition targets are limited due to that state’s higher barriers to entry. But thanks to an in-house construction […]
Five Star Senior Living (NYSE: FVE) is collaborating with DispatchHealth in an effort to provide acute care for residents living in Five Star communities. Under the partnership, DispatchHealth workers will provide same-day aid to residents living in independent living, assisted living and memory care. Services include treatment for infections; asthma attacks; wounds, bed sores and […]
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. Construction: Planned 2Life’s First Opus Community Takes Shape 2Life Communities has announced that its new “Opus” concept for middle-income older adults is under development. As planned, […]
Senior living industry association Argentum is calling out the Biden Administration’s plan for determining Covid relief payments for assisted living communities. The association on Wednesday took aim at the methodology for Provider Relief Fund (PRF) Phase 4 payments from the Health Resources and Services Administration, which is an agency of the Department of Health and […]
The middle-market is a growing senior living sector, and operators are spending considerable time and resources nailing down a scalable model. It’s a particular focus for Arrow Senior Living CEO Stephanie Harris. Arrow’s middle-market communities have been able to hit margins even greater than the typical 30% to 40% seen in the senior living industry. […]
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