Rising resident acuity is impacting senior living margins, and in response operators are getting creative to make bottom line improvements even as challenges remain. In recent years, especially with the pandemic, operators have said residents are arriving in senior living communities with more care needs than in the past. That phenomenon is shaping the future […]
This story is part of your SHN+ subscription. It’s no secret that new senior living development has fallen off a cliff, but the implications of this situation have been front-and-center recently. Two recent stories in Senior Housing News have taken a closer look at the factors behind the development slowdown, what the future might hold, […]
Senior living developers are awaiting changes in the capital markets before starting new builds as new construction starts potentially bottom out in the coming months. Some developers are spending their time in other industries, such as multifamily, or have slowed down to prepare to start work as soon as the capital markets begin to shift. […]
Catholic Health Initiative (CHI) Living Communities continues on its recovery journey, as the organization looks to reshape the longstanding senior living model. CHI Living Communities CEO Prentice Lipsey said the organization has spent the last 12 months normalizing operations from the turbulence of the Covid-19 pandemic and focusing on regaining historical occupancy figures. “In 2023, […]
Willow Valley Communities is continuing to grow with a new memory care community, and the organization’s leaders are taking inspiration for the project from a famous memory care model in The Netherlands. Even in recent years amid pandemic challenges, Willow Valley and its development company, Willow Valley Development Corp., continued planning on multiple projects to […]
Favorable demographics and demand spell good news for senior living operators in the months and years ahead, but a low rate of new supply and quickly aging properties could limit how many residents the industry can ultimately serve. The incoming baby boomer generation is expected to bring with it more demand for senior living services. […]
By optimizing senior living sales leadership blended with prioritizing dining and lifestyle offerings, Beztak is primed for future growth as the company continues occupancy recovery, according to Executive Vice President of Senior LIving Jason Kohler. The Farmington, Hills, Michigan-based real estate and property management company operates nine communities across the All Seasons luxury independent living […]
Sheri Peifer has been busy since becoming CEO of non-profit senior living operator Eskaton in September. Peifer and her executive team are embarking on making “very important changes and transformation” to set the company up to succeed for not just the next decade, but “the next 50 years,” she told Senior Housing News. In her […]
Editor’s Note: SHN Editor Tim Regan and SHN Reporter Andrew Christman contributed to this article This article is part of your SHN+ subscription Steady recovery amid ever-changing challenges, new operating models to spur innovation, consolidation and partnerships— these are some of the traits of senior living organizations standing out in 2024. Companies are pushing through […]
This story is part of your SHN+ subscription Since partnering with Discovery Senior Living, the past nine months have been a whirlwind of both integration and growth for Integral Senior Living — just ask CEO and President Collette Gray. “A lot has happened in the last nine months,” Gray said recently during an interview with […]
