Raising rates can be a scary prospect for operators trying to recover occupancy in the age of Covid– but for Greg Roderick, CEO of Frontier Management, the alternative is even scarier. The Portland, Oregon-based organization is enacting a 10% rent increase across its portfolio in 2022 while raising care rates by about 10% to 20%. […]
Ventas (NYSE:VTR) is making good headway on its plan to transition 90 communities formerly operated by Eclipse Senior Living to eight other operators, with 65 already having changed hands. Among the operators so far revealed to be taking on some former Eclipse properties is Discovery Senior Living, which is taking on 19 former Elmcroft communities. […]
Brookdale Senior Living (NYSE: BKD) made forward operational progress in the third quarter of 2021, and in a sign of confidence about the future, the company has returned to offering quarterly guidance for the first time since the pandemic began in 2020. In fact, despite fierce labor headwinds, Brookdale CEO Cindy Baier is bullish on […]
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: In progress Civitas Projects in Florida Move Closer to Opening Dates Civitas Senior Living has revealed tentative opening dates for three senior living communities in […]
Leaders with Five Star Senior Living (NYSE: FVE) are seeking to grow ancillary revenues as part of the company’s three-pronged strategy to “reposition, evolve and diversify” its operations. The Newton, Massachusetts-based company is about eight months into its strategic repositioning plan that was announced following the news that Diversified Healthcare Trust (Nasdaq: DHC) was transitioning […]
Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]
Atria Senior Living is making progress on its plan to fully integrate with Holiday Retirement and combine the company’s operations — including through right-sizing the corporate team. Leaders with Louisville, Kentucky-based Atria announced the progress on Wednesday. Atria acquired the management business of Winter Park, Florida-based Holiday earlier this year. The two companies are currently […]
A rise in Covid-19 cases and the ongoing labor crunch derailed The Pennant Group’s (Nasdaq: PNTG) momentum in the third quarter of 2021. In a press release distributed ahead of the company’s Nov. 9 earnings call, Pennant leadership warned that the Eagle, Idaho-based company’s third-quarter earnings were negatively affected by its ongoing challenges. “Our efforts […]
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Charter Senior Living went on the offense last year — and that momentum is still propelling the company forward into 2022. The Naperville, Illinois-based company has added about 10% in average same-store occupancy between March and September as it gets a handle on issues including staffing and wages, fraying supply lines and the rising cost […]