Capital Senior Living Sees Sales Up 13%, More Private-Pay Opportunities Capital Senior Living reported second quarter earnings this week with cash from facility operations up 15.1% to $9.5 million or $0.43 per share. Revenues rose during the same time period to $87.5 million, a 13% increase over the same period in 2012. “We are very […]
Category: CCRCs
Salaries for nursing home administrators rose by more than 3% between 2012 and 2013—the most of any salaried position recorded among skilled nursing facilities that also participated in last year’s survey, according to a recent report. Nursing home administrators make an average $96,625 in 2013, up 3.43% from last year, says the Hospital & Healthcare Compensation […]
A Texas continuing care retirement community (CCRC) is in the midst of a widespread repositioning project to transform into a hospitality environment focusing more on independent and assisted living rather than institutional-style skilled nursing with an eye toward long-term sustainability. The C.C. Young campus, in Dallas, Texas, contains many buildings built in the 1960s and […]
Adoption of wellness programs across Continuing Care Retirement Communities is growing, with those that have implemented programs reporting high marks from residents, as well as a host of different cost savings when it comes to their bottom lines. The successes show the trend is a lasting one for the programs that have only recently become […]
Although many salaried positions at continuing care retirement communities (CCRCs) saw significant compensation increases between 2011 and 2012, only a handful had back-to-back salary increases the following year to achieve combined double digit growth, according to a recent report. Out of 42 salaried positions tracked at all participating facilities for the CCRC Salary & Benefits Report […]
Despite average increases in salaries for marketing professionals working in continuing care retirement communities from 2012 to 2013, the field saw the highest average turnover rates nationally at nearly one-third, according to a recent salary and benefits report. A total of 515 facilities participated in Hospital & Healthcare Compensation Service’s 2013-2014 CCRC Salary & Benefits […]
In an effort to help consumers navigate the Continuing Care Retirement Community search process as well as establish a database for CCRC details and information, LifeSite Logics launched last week providing an online resource to do both. Since September 2011, the company has been gathering CCRC data from occupancy rates to available services and entrance […]
A joint venture between an established senior living developer and operator and a private equity firm currently has two continuing care retirement communities (CCRCs) in pre-development with plans to expand a third at a time when activity in the sector has been largely halted related to the availability of financing. LCS-Westminster, a partnership between Des […]
Through the acquisition of a distressed Massachusetts independent living property in a deal that closed this month, Benchmark Senior Living is solidifying its position in the market for continuing care retirement communities. The second CCRC operated by Benchmark in its 46-property portfolio, the company says it is interested in the product type and is seeking opportunities […]
A Florida continuing care retirement community (CCRC) has filed for Chapter 11 bankruptcy protection with $55 million of outstanding bond debt. The nonprofit owner, Life Care St. Johns, Inc. also owes $7.8 million in entrance fee refunds to its residents and attributes its financial position to the economic downturn. Life Care St. Johns, Inc., the […]
Subscribe
Receive industry updates and breaking news from SHN