As the coronavirus pandemic drags on, it’s clear to many senior living providers that this is a marathon, not a sprint. But spending month after month protecting residents against a deadly disease can take a toll on caregivers’ mental and physical health. That lesson has come through loud and clear for providers such as Bloomfield, […]
The Covid-19 pandemic has taken a toll on The Pennant Group’s (Nasdaq: PNTG) senior living portfolio, but the company’s leaders are confident it can withstand more pressure in the months ahead. And investors seem to agree, given that the company’s share price jumped 40% to land at $36.77 by the time the markets closed Wednesday. […]
Juniper Communities was an early proponent of widespread Covid-19 testing in senior living — but testing doesn’t come cheap, either. The Bloomfield, New Jersey-based provider spends about $100,000 each week on Covid-19 testing, according to Founder and CEO Lynne Katzmann. That has allowed the company to baseline test its residents and associates, and in turn […]
While Brookdale Senior Living’s (NYSE: BKD) occupancy and revenue have dipped substantially since the Covid-19 pandemic began, several recent moves have helped put it on firmer financial footing. The Brentwood, Tennessee-based company’s average occupancy rate hit 76.6% at the end of July subsequent to shedding 430 basis points in the second quarter of 2020, sequentially. […]
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 […]
Senior living providers have succeeded in recruiting displaced hospitality workers during Covid-19 — but some positions are harder to hire for than others. Just ask Adam Kaplan, founder and CEO of Solera Senior Living, a Denver-based senior living provider with three senior living communities under management today and another six in the works. In March, […]
New Senior Investment Group (NYSE: SNR) was able to cut its operating expenses by 4.5% in the second quarter of 2020, despite also losing about 250 basis points of occupancy during that time. Susan Givens, CEO of the New York City-based real estate investment trust (REIT), attributed the operating expense decline to two main things: […]
For Sabra Health Care REIT’s (Nasdaq: SBRA) senior housing portfolio, the worst has not come to pass. That is evident in the Irvine, California-based company’s average senior housing occupancy rate, which declined between February and July — but not to a calamitous degree. Sabra’s managed senior housing portfolio, which consists of 47 communities, shed almost […]
The outlook for Welltower’s (NYSE: WELL) senior housing properties improved in the second quarter of 2020 — but the company’s leaders aren’t “signaling the all-clear,” either. When the coronavirus pandemic hit earlier this year, much of Welltower’s senior housing operating portfolio (SHO) went on lockdown and many halted move-ins. But as of the second quarter […]
The real estate private equity arm of Kayne Anderson Capital Advisors, Kayne Anderson Real Estate, has completed an acquisition of 34 Welltower properties, including seven senior housing properties in Florida. The portfolio consists of 27 medical office buildings located across the U.S. along with the senior housing communities. An unspecified third-party company exercised the right […]
Subscribe
Receive industry updates and breaking news from SHN