Genesis HealthCare (NYSE: GEN) announced Tuesday that Harry Wilson will take the reins as the company’s new CEO. Wilson — a “highly regarded turnaround specialist,” according to Genesis — previously led the restructuring of General Motors on behalf of the U.S. Treasury, and founded the corporate turnaround firm Maeva Group. He replaces Robert Fish, who […]
Covid-19 has placed a premium on technology, but bringing a community up to the times requires much more than plugging in a router. With the advent of telehealth and remote conferencing, senior living staff and residents are doing more with their devices than ever before. Where internet access was once seen as an amenity, it […]
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. View this year’s winning entries here. And if you’d like to submit a project to In the Pipeline, email us. Construction: In progress Phoenix Senior Living […]
When the Covid-19 pandemic hit, many referral sources wilted — but in the year since, some providers have found a way to keep leads flowing by utilizing digital messaging, harnessing data and investing in less-traditional sales and marketing channels. For example, when more traditional sales methods used by Kendal Corp. lost effectiveness last spring as […]
The state of California has sued Brookdale Senior Living (NYSE: BDK), alleging the company submitted false nursing home staffing data to the federal government and improperly handled resident discharges. California Attorney General Xavier Becerra — President Joe Biden’s nominee to lead the Dept. of Health and Human Services (HHS) — brought the suit as part […]
As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond. While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In […]
Capital Senior Living (NYSE: CSU) President and CEO Kim Lody is optimistic that a recovery from the pandemic is soon at hand, as the operator’s leads, tours and move-ins are moving closer to pre-pandemic levels. The company has pared down its senior housing portfolio from 129 communities to 68 communities that, historically, have been the […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier is feeling optimistic about the company’s pandemic recovery in 2021 as move-ins and leads continue to increase and Covid-19 case counts plummet. The Brentwood, Tennessee-based operator has seen a 95% reduction in the number of Covid-19 cases within its portfolio since December, when national cases were near […]
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Colony Capital (NYSE: CLNY) is reportedly in talks with Fortress Investment Group on a portfolio of assets that includes senior housing and is valued at more than $3 billion. The two companies are reportedly discussing a sale that includes Colony’s “wellness infrastructure” portfolio, according to a new Bloomberg report. Colony’s potential deal with Fortress is […]