HHHunt Corporation plans to invest $128.4 million to develop new senior living communities this year under its Spring Arbor brand. The Blacksburg, Virginia-based firm also intends to enter the active adult space and is on track to have a development pipeline underway by the fourth quarter of 2019. The new Spring Arbor developments include two […]
Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]
Within the next two weeks, construction is slated to start on the first Legendary Living senior housing community. Legendary Living is the new senior living arm of Legendary LLC, a Destin, Florida-based real estate development and management firm that has specialized in luxury hotel, multifamily and resort properties since its founding in 1991. Through this […]
Wages rose for many assisted living employees in 2018, with CFOs, CEOs and presidents unsurprisingly still among the highest-paid. That’s according to a Senior Housing News analysis of the most recent Assisted Living Salary & Benefits Report from the Hospital & Healthcare Compensation Service, an annual release that is produced with support from LeadingAge and […]
Douglas Wilson Companies (DWC), a noted San Diego-based real estate developer, has officially entered the senior living game by opening Sienna at Otay Ranch, in partnership with two well-known names in the industry: Milestone Retirement Communities and HCP Inc. (NYSE: HCP). DWC plans to open additional senior living communities throughout the western U.S. over the […]
Assisted living communities are taking in an increasing number of dementia residents, but memory care services might not always be keeping these older adults safe and secure. That’s according to a Dec. 13 New York Times article produced in collaboration with Kaiser Health News. The article –“Dementia Patients Fuel Assisted Living’s Growth. Safety May Be Lagging” […]
The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
“This project has been a very long time in the making.” Those were the words that Belmont Village Senior Living founder and CEO Patricia Will said to a group of nearly 60 people late last month at a ribbon cutting ceremony of a sales center for the Houston-based firm’s upcoming assisted living facility in Chicago’s […]
Spurred by the continuing shortage of skilled labor in senior living, the costs to reside in assisted living in 2018 are nearly double last year’s rate, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). Assisted living costs rose 6.67%, the highest spike among all care segments. AL costs increased […]
Whether they don’t want to be burdens to their children or are placing faith in future innovation, older adults view assisted living as a better option than moving in with family members. Going to a nursing home, meanwhile, is about as popular as a root canal. That is one of the takeaways from a recent […]