Welltower (NYSE: WELL), the nation’s largest owner of senior housing properties, will not be changing its strategic direction under its recently named CEO, Shankh Mitra. “Many of you have asked me if our strategy will change going forward — the answer to that question is an emphatic no,” Mitra said Thursday during the Toledo, Ohio-based […]
Covid-19 presents a sizable challenge for the senior living industry, but two major players in real estate development also foresee multiple avenues for growth ahead. In particular, Hines and McCaffery are leveraging their scale and experience in other types of real estate as they expand in senior housing and bring new communities to some of […]
Senior living workforce challenges mounted over the course of the summer, with employee engagement falling and turnover increasing. That’s according to data gathered by Activated Insights from about 250,500 senior living and care employees. Activated Insights is the senior care division of Great Place to Work, the organization that puts together the annual Great Places […]
The fall open enrollment period for Medicare Advantage (MA) plans is now underway, and this year marks two milestones demonstrating the ongoing integration between MA and senior living. With the start of the enrollment period on Oct. 15, a group of senior living providers known as the Perennial Consortium began to enroll the first beneficiaries […]
A gap between asking prices and bids is emerging in senior housing valuations, as the mergers and acquisition landscape begins to stabilize. Capital markets, meanwhile, continue to struggle with imbalance due to tighter loan underwriting and a lack of bridge debt. Signs of growing distress among smaller and struggling operators are contributing to the pricing […]
The Covid-19 pandemic has created impediments to development, but Aegis Living is still on track to double its portfolio size within a decade. The Bellevue, Washington-based assisted living and memory care provider currently has 32 communities in operation and eight under development. So, about three communities need to be added each year for the next […]
The opportunity for middle-market senior housing is vast — and so are the number of markets that may be a good fit for Clover Management communities. From New York and Pennsylvania to Ohio and Indiana, the Williamsville, New York-based company is expanding its model of reasonably priced senior housing communities. Today, Clover has 35 occupied […]
The coronavirus pandemic has pushed many senior living providers to think about new ways to include health care partners in their operations. For Ascension Living — the senior care subsidiary of St. Louis-based health system Ascension — having the backing of a large health care player has been an advantage. When the Covid-19 hit earlier […]
Senior housing is not a one size fits all business, and there is a wide opening for developers to create communities specifically tailored for underserved groups. Some providers are cognizant of the opportunity to serve niche markets and are adapting their operations to meet demand. Others are building new communities to bring care and services […]
Le Groupe Maurice has burnished its reputation by developing, owning and operating large senior housing communities in the Canadian province of Quebec — but the company also believes its model would work in the U.S., despite differences between the two countries. The reason why is simple, according to Le Groupe Maurice Founder and President Luc […]
