Two-year-old provider Charter Senior Living plans to more than double the size of its portfolio in the next three years by switching its focus from acquisitions to ground-up developments. This means that, ideally, Charter will have 30 communities that it owns, leases or manages on a third-party basis by 2021, Keven Bennema, the founder, president and CEO […]
A Montreal-based firm has plans to rapidly scale up its U.S. senior living operations, after agreeing to take over management of a dozen properties from Brookdale Senior Living (NYSE: BKD). Real estate investment trust (REIT) Welltower (NYSE: WELL) first announced in June plans to scale back its Brookdale portfolio and divvy up dozens of Brookdale-managed properties to other operators. […]
Leisure Care has entered into a period of steady growth, with a plan to bring its hospitality-driven brand of senior living communities to new markets across the East Coast and elsewhere. The Seattle-based senior living operator is teaming up with partners including Columbia Pacific Advisors to identify new U.S. markets for development opportunities. The company is […]
New Senior Investment Group (NYSE: SNR) is distancing itself from external manager Fortress Investment Group (NYSE: FIG) and internalizing its operations, executives announced Thursday. The move is being made as part of the New York City-based real estate investment trust’s (REIT) ongoing strategic review process, which has not yet concluded, CEO Susan Givens implied during a call […]
Brookdale Senior Living (NYSE: BKD) is carrying out its “winning locally” turnaround strategy by first sending its top brass to work at some of its communities. In June, 20 members of the Brentwood, Tennessee-based senior living provider’s senior leadership team prepared and served meals, cleaned rooms, participated in sales calls and worked overnight shifts at Brookdale […]
The Medicare Advantage era is dawning in senior living. Due to policy changes implemented this year, these insurance plans appear poised to become a more important payer for senior living services. Under Medicare Advantage, federal dollars flow to private-sector insurance companies—including giants such as UnitedHealthcare (NYSE: UNH) and Humana (NYSE: HUM)—which offer benefits packages to […]
Leaders with Welltower (NYSE: WELL) believe the company is positioned to create and seize opportunities in the years ahead, thanks to a major new joint venture and a restructured senior housing portfolio. On Thursday, the real estate investment trust (REIT) and a nonprofit health system, ProMedica, closed on a joint venture deal valued at $4.4 […]
The first-ever meeting of the Dementia Care Provider Roundtable, convened by the Alzheimer’s Association, took place on Thursday in Chicago. Representatives from 16 senior care providers, including Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and McLean, Virginia-based Sunrise Senior Living, were in attendance. One of the goals of the roundtable, according to the Alzheimer’s Association, was […]
Over the past decade, designing for the senior living industry has changed a great deal. Much of the senior living industry has moved away from institutional features, and instead embraced upscale concepts such as destination fast casual eateries or larger living units. That evolution in design and services has forced many interior designers to start thinking outside of the […]
The senior housing industry now has its first-ever customer satisfaction benchmark, courtesy of a well-known consumer ratings giant. J.D. Power will officially launch its Senior Living Community Certification program on Tuesday, which provides a means for individual senior housing communities to become certified as providers of quality care. The launch marks a continuation of J.D. Power’s […]
