Some months back, a group of Priority Life Care employees created a burner email address and emailed Sevy Petras, the company’s chief executive. In the email, the employees had an urgent message to share: Though they were aware of the company’s new rule of not using agency labor, they said some positions in their community […]
Cost inflation, supply chain difficulties and wage pressures have led to a tough expense landscape for senior living operators. In early 2023, some of those pressures are easing, while others are stubbornly holding on. Take the price of oranges, for example. The cost of the citrus fruit is expected to be “extremely high” this summer, […]
Strong demand for needs-based units drove senior living occupancy higher in the first quarter of the year, marking the seventh consecutive quarterly increase since the industry’s pandemic occupancy low in 2021. That is according to the latest occupancy data from the National Investment Center for Seniors Housing & Care (NIC) and NIC MAP Vision. Overall […]
In the early morning one day in mid-March, Atlas Senior Living Principal Scott Goldberg learned that the company’s Birmingham, Alabama headquarters had been burglarized. “I got a phone call at about 6:30 a.m. from our property manager, who said ‘I think every computer and a lot of our adult beverages in the bar area downstairs […]
The rise of hospital-at-home and SNF-at-home models has been making headlines for the last month, with related opportunities and complications for senior living becoming clearer. Best Buy (NYSE: BBY) generated some of these headlines by announcing a partnership with Advocate Health. The partnership aims to expand Advocate’s hospital-at-home offering, which the Charlotte, North Carolina-based health […]
The senior living industry must provide more affordable assisted living for low- and middle-income older adults in the years to come, and the public sector can play a role in that effort. That’s according to a recent white paper from The American Health Care Association and National Center for Assisted Living (AHCA/NCAL), which outlined barriers […]
Former Ascension Living President Danny Stricker launched Chapters Living last August, and in the time since, he has been putting the pieces together on a long-term strategy. Stricker, the co-founder and president of the St. Louis-based senior living operator backed by Green Street Real Estate Ventures, is poised to close the acquisition of a seven-community […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier believes the company is “off to a great start” in 2023, and staffing is a big reason why. Leaders of the senior living operator made progress reducing the company’s staffing agency costs and “evolving” the company’s executive director role to take on more of a “growth mindset.” […]
The University of Washington Men’s rowing team stunned the world by taking a gold medal at the Berlin Olympics in 1936. Nearly 90 years later, Aegis Living has distilled that Olympic spirit at an assisted living community just north of Seattle. The community, located on the east bank of Lake Union, does not simply include […]
LTC Properties (NYSE: LTC) is investing $128 million in 12 assisted living communities as part of a joint venture with one of its current operating partners. Of the $128 million, the Westlake, California-based is putting $117 million toward acquiring a 97% stake in a joint venture with the operator for the purchase of 11 properties. […]
