One of the largest senior living providers in the nation is making a push to also have the most innovative assisted living care model. Hickory, North Carolina-based Affinity Living Group hired Dr. Kevin O’Neil as its chief medical officer (CMO) about eighteen months ago. O’Neil is no stranger to the senior living world. He served […]
New Senior Investment Group (NYSE: SNR) is selling all of its assisted living and memory care properties in a significant step in the company’s ongoing transformation, following moves to distance itself from Fortress Investment Group (NYSE: FIG) The New York City-based real estate investment trust (REIT) intends to sell its entire portfolio of assisted living […]
The cost of assisted living rose 1.28% in the past year, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median cost for a one-bedroom unit in an assisted living community is now $4,051 per month, or $48,612 per year, according to the survey. The five-year annual growth […]
Imagine it’s 2025, and you’re an 81-year-old who has had a rough year. Maybe you had a surgery, or your adult child moved across the country. Maybe you lost your spouse. You’re still healthy and active but it’s time, you realize, to consider moving into an independent living community. So, you log onto Amazon. Through […]
Traci Bild had an epiphany while recently booking a trip to Israel. The flight’s cost — at around $1,600 per person — did not include assigned seats. Those would have cost an extra $625 per person, for her husband and herself. The Bilds’ trip to Israel is an example of the unbundled pricing trend being […]
U.S. News & World Report and Caring.com on Tuesday launched a new directory that will provide seniors and their families information on assisted living communities and advice on how to make informed decisions. The new directory will include data on more than 8,700 assisted living facilities across the country, U.S. News Senior Health Data Analyst […]
There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]
Summit Healthcare REIT on Thursday announced the appointment of a new CEO and a new COO. President Kent Eikanas will now serve as CEO of the Lake Forest, Calif.-based real estate investment trust (REIT), which has holdings in both senior housing and skilled nursing. Eikanas had held the title of president since September 2012, and […]
Providing residents with a “concierge” — a primary point of contact to assist them with their medical needs and care — can result in numerous benefits both to older adults and senior living providers. The model can significantly improve residents’ overall health and quality of life, reduce health care costs and make care delivery more […]
Chelsea Senior Living is breaking the mold in assisted living by offering mental health services to residents in a dedicated area on its campus. The program also provides one example of a rising industry trend, as other senior living providers — such as Bloomfield, New Jersey-based Juniper Communities and Pathway to Living, which is headquartered […]