The news on Monday that Tom DeRosa had stepped down as CEO of Welltower (NYSE: WELL) surprised equity analysts who cover the company, and while they expressed confidence in his replacement, some also had questions about what the leadership change means for the future direction of the real estate investment trust (REIT). The sense of […]
Welltower (NYSE: WELL) CEO Tom DeRosa is stepping down, and executive Shankh Mitra is filling his place. DeRosa is leaving his role as chairman and CEO after leading Welltower for more than six years, the Toledo, Ohio-based real estate investment trust (REIT) announced Monday afternoon. The move was effective Monday. Mitra, formerly Welltower’s chief operating […]
The Covid-19 pandemic has injected new stress and fear into senior living workers’ lives, and this has prompted some providers to implement new strategies in order to retain them. Flexible scheduling, higher pay, free meals and other services were not standard fare in the senior living industry before the pandemic, but providers now wield these […]
ProMedica is phasing out the HCR ManorCare name. The non-profit health system on Friday announced that it’s moving its HCR ManorCare chain of nursing homes and senior living communities under the new “ProMedica Senior Care” moniker. The company is changing the name of facilities that operate under its senior living brand, Arden Courts, as well […]
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 Active Adult Pocket Neighborhood Community Planned in Texas The pocket neighborhood trend is growing in the Lone Star State. Kara […]
Assisted living providers will have an opportunity to receive additional federal funds to help offset the financial impacts of Covid-19. The Department of Health & Human Services (HHS) on Thursday announced the next phase of funding from the Provider Relief Fund. The funding includes $20 billion in aid for providers on the front lines of […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
From the psychological toll of the pandemic to slower move-ins, Charter Senior Living has seen its fair share of challenges during the coronavirus pandemic. But the company is now moving forward, supporting its local leaders to shift from a defensive mindset of keeping Covid-19 out of buildings, to an offensive business mindset of finding the […]
Coming out of the Covid-19 pandemic, senior living operators may be more motivated than ever before to promote resident health and wellness, and there is a growing body of evidence that the way communities are designed and built plays a key role in supporting this goal. “I think this next generation of seniors is not […]
Blake Management Group (BMG) has named Scott Hames as its new COO. The appointment comes off a period of change for the company, including a split with one of its co-founders and the recent departure of its CEO, who joined one of its capital partners. Hames, who assumed the COO role in August, previously worked […]
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