The pandemic’s challenges have pushed many non-profit senior living operators to consider joining forces. The latest example of that trend is occurring in New Jersey, where four communities are coming together as one. The communities, Fellowship Village in Basking Ridge, Friends Village in Woodstown, House of the Good Shepherd in Hackettstown and Pines Village in […]
Category: CCRCs
Life plan communities (LPCs) could face tougher overall market conditions in the year ahead compared to 2022, despite demand remaining strong for all care types. Operating cost pressures, driven by staffing shortages at communities, have prompted operators and owners to pass through considerable rate increases due to wage adjustments. That ultimately led to the deterioration […]
In the senior living industry, size is not a guarantee of success. But for the nation’s largest communities, that scale has been a source of operational stability during the last almost three years. Many of the largest senior living communities — all CCRCs or life plan communities — leaned on their size to weather operational […]
Elevated staffing costs and difficulty finding workers could affect how some continuing care retirement communities (CCRCs) and life plan communities think about their unit mix in the long-term. That’s according to a newly released analysis on October 2022 trends from financial services company Fitch Ratings. It’s no secret that the cost of doing business is […]
Kauhale Health announced that senior living veteran Torey Riso will play a central role as the organization looks to scale its senior living operations. Kauhale Health has a portfolio of two senior living communities, one of which it owns and the other that it manages. But the Westerville, Ohio-based health care platform is planning to […]
Senior living nonprofit Lutheran Senior Services (LSS) has hired its first-ever chief experience officer in a move meant to help to elevate its future offerings for residents. The St. Louis-based organization sees the future of aging services as shifting away from health care and toward wellness — and President and CEO Adam Marles believes that […]
Continuing care retirement communities (CCRCs) have weathered Covid-19 from a relatively good position over the last couple of years — but looking ahead, there are questions as to whether that trend will continue. Widespread cost inflation has pushed CCRC and life plan community operators to get creative to maintain margins, continue unit turnover as steadily […]
Pine Park Health is expanding its value-based health care model further into the affordable senior housing sector. Pine Park Health Chief Commercial Officer Dan O’Neill announced last week on LinkedIn that the company has expanded its value-based, in-home primary care model to serve nearly 400 more residents in Northern California. Pine Park currently operates in […]
A majority of non-profit senior living operators are sticking to their growth plans, even as workforce shortages and construction pressures continue to make doing so complicated. According to Ziegler’s CFO Hotline report for August, 58% of non-profit senior living operators say they are moving forward with their growth pipelines as planned this year. The report, […]
Average salaries for executive directors at continuing care retirement communities (CCRCs) has grown almost 3.8% in 2022, with other community positions seeing even larger increases. That’s according to the 25th annual CCRC Salary & Benefits Report from Hospital & Healthcare Compensation Service (HCS). The latest report, which HCS published with the endorsement of industry association […]
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