This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]
The senior living industry is racing back to pre-pandemic occupancy — and operators of assisted living communities appear to be closest to the finish line. Assisted living operators have since the start of the pandemic recovered roughly three-fourths of their overall occupancy losses, according to a new analysis from NIC MAP Vision. Independent living operators, […]
The senior living industry’s most prominent four advocacy organizations are coming together as part of a new effort to define and boost quality in assisted living communities. LeadingAge, the American Seniors Housing Association (ASHA), Argentum and the National Center for Assisted Living this week announced the launch of the Quality in Assisted Living Collaborative, an […]
When the owner and principal dealer at Bowditch Ford passed away unexpectedly in 2018, his son inherited more than the dealership – he inherited his father’s unfinished senior living renovation project. “I had a choice to make,” Casey Rosinski told Senior Housing News. “Do I finish? Or do I sell it?” Five years later, Rosinksi […]
LTC Properties (NYSE: LTC) has invested almost $180 million this year, representing its most active year for transactions since 2015. And if all goes according to plan, the company won’t stop there. Leaders with the Westlake, California-based real estate investment trust (REIT) are also focused on operator diversification a little more than a month after […]
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 […]
