Assisted Living Administrator Salaries Jumped 3.6% in 2019

Wages for salaried and hourly assisted living employees continued an upward trend in 2019, with administrator salaries seeing the largest average increases. 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 […]

Aegis President: Senior Living Industry Must Reposition Quickly to Attract Talent

Going into 2020, Aegis Living is taking an entrepreneurial approach to meet intense workforce challenges. And the provider’s president, Kris Engskov, is pushing for a broader industry effort. “I am concerned about how fast we need to reposition the industry,” he told Senior Housing News. Specifically, Engskov does not believe that senior living as a […]

Federal Lawsuit Claims CVS Health/Omnicare Improperly Refilled Meds Across 3,000-Plus Senior Living Communities

Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]

Carillon Assisted Living Exits 7 More Communities, Cadence Assumes Operations

Scottsdale, Arizona-based Cadence Living has taken over operations for a seven-property, 402-unit senior living portfolio in North Carolina owned by Griffin-American Healthcare REIT III. The assisted living and memory care portfolio was previously operated by Raleigh, North Carolina-based Carillon Assisted Living. Carillon also recently exited a nine-property portfolio owned by Chicago-based real estate investment trust […]

Martha Stewart Assisted Living Brand Could Take Shape Under Marquee Venture

The “Goddess of Domesticity” wants a piece of the senior housing space. Marquee Brands, the owner of the Martha Stewart Living brand, is partnering with global real estate branding firm Brands Lab International to develop real estate projects — potentially including assisted living — under the Stewart brand. The news was first reported on real […]

Buttigieg Long-Term Care Plan Includes $90-Per-Day Assisted Living Provision

South Bend, Indiana Mayor and Democratic presidential hopeful Pete Buttigieg on Monday released a detailed, 19-page proposal to make long-term care for seniors more affordable and accessible, and allow retirees to maintain their economic independence. The centerpiece of Buttigieg’s plan is a benefit program, “Long Term Care America,” that would provide eligible seniors — those […]

Affinity Pushes Innovation, Sees Assisted Living as Next Big Frontier for Value-Based Care

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 Charts ‘New Path’ in $385M Assisted Living Portfolio Sale

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 […]

Monthly Assisted Living Costs Surpass $4,000

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 […]