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 […]
Category: CCRCs
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 […]
Executives and design partners involved with the development of The Holbrook of Woodstock knew they wanted a concept that could disrupt senior living norms while finding new ways of approaching amenities. The Holbrook at Woodstock is a continuing care retirement community (CCRC) on a sprawling 20-acre site in suburban Atlanta that incorporates 300 independent living, […]
Average occupancy for life plan communities rose to 85.7% in the fourth quarter of 2021, representing a gain of 1.4 percentage points from pandemic lows seen in the first two quarters of last year. But despite the rebound in occupancy, life plan communities still have more occupancy to regain before the sector is back to […]
Despite the challenges posed by Covid-19, independent living residents of life plan communities maintained their wellbeing to a remarkable extent last year. That’s according to Mather CEO Mary Leary, who spoke with Senior Housing News about the latest findings from the longitudinal Age Well Study, released this week. “The findings showed that residents, on average, […]
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