The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before […]
With price points typically lower than independent living, active adult communities are a natural entry point for middle-market senior housing. But the property type has its nuances, and creating such a community can require a degree of creativity. Just ask Frankie Pane, president and COO of Essex Communities, an Omaha, Nebraska-based operator that pivoted to […]
By moving to acquire New Senior (NYSE: SNR) in a $2.3 billion transaction, leaders with Ventas (NYSE: VTR) made good on recently stated intentions. “We believe in the recovery story and are prepared to put our money where our mouth is,” Ventas CEO Debra Cafaro said at the Nareit conference on June 9. The New […]
As pandemic challenges recede, American House Senior Living Communities has a revamped portfolio, new leadership talent and big plans for growth. “Our motto here is that the comeback is greater than the setback,” CEO Dale Watchowski told Senior Housing News, referring to the recovery from pandemic-related challenges. The Bloomfield Hills, Michigan-based company is in some […]
As senior living providers work to recover from the pandemic, some are adopting new approaches to operations — and in some cases, that demands new approaches to pricing. Senior living communities typically will charge residents a set rate for rent and a bundle or tier of services. But new membership models are emerging that change […]
In early June, the Food and Drug Administration (FDA) approved the use of Aduhelm (aducanumab) to treat patients with Alzheimer’s disease — the first drug therapy in 18 years to receive approval. The approval is surrounded in controversy, however. In particular, much reporting on Aduhelm has centered on its cost and concerns about its efficacy […]
Atria Senior Living is acquiring the management services business of Holiday Retirement, while Welltower (NYSE: WELL) is buying the 86 properties that Holiday owned and self-managed. Welltower’s acquisition is valued at $1.58 billion. The deal represents the combination of two senior living heavyweights: Winter Park, Florida-based independent living giant Holiday, which ranked no. 3 in […]
Exceptionally tight labor markets are causing senior living worker shortages even in positions that usually are easier to fill — and these workforce challenges could slow the pace of post-pandemic occupancy recovery. “If you have 10 patients or residents that you’re going to admit over the next week or two, you have to have enough […]
During the last year, many senior living ownership groups worked closely with operators and granted them leeway on certain pre-pandemic expectations. But the situation is now changing, creating tension and generating debate about whether new capital structures are needed. Corporate talent management firm Ferguson Partners recently had conversations with 13 industry executives, including owner and […]
Somewhere in Ohio is a pile of lumber owned by Confluent Senior Living — and that is not normal for the Denver-based developer. Stockpiling wood to use in future construction projects is “not a risk we would typically take,” and one that the developer probably won’t take again, according to Confluent Managing Partner John Reinsma. […]
