After a slower start than many operators had hoped in 2023, the senior living industry is poised to regain pre-pandemic occupancy in 2024 – but many of the pandemic era’s challenges still remain. Challenges for the year ahead include finding ways to grow as new development remains tough, navigating lingering high expenses, staffing communities with […]
(Updated Jan. 3, 2023) A new Washington Post investigation has detailed dozens of incidents where senior living residents have wandered away and died as well as “bare-bones” staffing levels at communities across the country. In one article published over the weekend, the Post examined thousands of cases since 2018 where senior living residents wandered away […]
Salmon Health and Retirement has in recent years pivoted to hospitality to reach a new generation of older adults – but the company’s CEO, Matt Salmon, is not discounting the appeal of having a continuum of care, either. Today the company has a full continuum of senior care that spans independent living, assisted living and […]
It’s been a big year for senior living company Cogir. The Montreal-based senior living operator and real estate company earlier this year made waves when it was announced as the operating partner for Welltower’s (NYSE: WELL) new operating platform spinning up in parts of Canada, which until recently was known as “Project Transformer” behind closed […]
This story is available as part of your SHN+ membership Senior living operators are especially optimistic about the prospect of further occupancy growth in the coming year, at least according to their public comments. But as promising as 2024 seems, I think senior living operators still have a substantial hill left to climb and therefore […]
Senior Lifestyle CEO Jon DeLuca thinks that 2024 will not be the senior living industry’s year for new development. That said, he is not pessimistic about the road ahead. Although Chicago-based Senior Lifestyle has grown to around 125 communities over the years in the affordable and market-rate senior housing sectors — much of that through […]
Life Care Services, Atria Senior Living and Frontier Management took the top three spots in this year’s J.D. Power 2023 U.S. Senior Living Satisfaction Study. Life Care Services ranked highest in independent living resident satisfaction for its fifth year in a row with a score of 827. In second place was Five Star Senior Living, […]
A low rate of new supply, high levels of demand, greater resident revenue and a growing occupancy rate together have Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier excited about 2024. Over the last year, Baier said the Brentwood, Tennessee-based operator has been able to lay a foundation that “sets the stage for 2024 to […]
Occupancy and margin gains accelerated in the third quarter for Sonida Senior Living (NYSE: SNDA) as the company continued to make progress on several new and existing initiatives. With a new year in sight, the Dallas-based company is “approaching the end of an exceptional year for the Sonida recovery story,” said CEO Brandon Ribar during […]
Welltower (NYSE: WELL) and Chartwell Retirement are ending a joint-venture arrangement and dividing a senior living portfolio the companies owned together under that agreement in Canada. Chartwell is handing ownership of 23 assets to Welltower in exchange for the Toledo, Ohio-based real estate investment trust’s (REIT’s) interest in 16 assets and a payment of $97.2 […]
