After margins hit a near-low point in late 2022, senior living operators have spent 2023 strengthening their bottom line with hopes that growth will continue into the new year. In many cases, margin gains have been a direct result to operators improving census across their portfolios, shoring up labor pressures and increasing resident market rates. […]
New senior living operator Evolve Senior Living is launching with an ambitious mission, according to its co-founders: Helping to fix a “fundamentally broken industry” and in the process alleviate friction between owners and operators. Declining community revenue and a higher floor for expenses are putting pressure on margins in 2023, which in turn is forcing […]
This article is part of your SHN+ subscription New senior living industry data shows that conditions are favorable for a sustained senior living recovery in the months ahead — but even so, operators need to shore up their portfolios and strike while the iron is hot to see meaningful census gains. While prolonged senior living […]
Priya Living is forging ahead with a strategy to develop a pipeline of unique senior living communities in India, with plans to innovate beyond the industry’s typical services and amenities. Earlier this month, Priya officially unveiled plans for Priya Flower Valley, a 42-unit community set to open this November in Gurgaon, India. The project is […]
This article available as part of your SHN+ membership From short-term stays to membership programs that set more creative pricing for residents, the senior living industry can go much bolder when it comes to revenue streams. That’s according to Revel Communities COO and EVP of Resident Experience Danette Opaczewski, who weighed in on the topic […]
Although big challenges and headwinds remain, the outlook for senior living staffing has taken a more positive turn in recent months — at least for senior living operators willing to be proactive and seize the opportunity at hand. Recent survey data has shown that, although most senior living operators are experiencing staffing shortages in their […]
In 2023, value-based care reached a “tipping point,” with big senior living players including Brookdale Senior Living (NYSE: BKD) embracing the trend. Looking ahead to 2024, the industry is preparing to move the needle even further and integrate value-based care into their operations as a way to increase the quality of care and more appropriately […]
Longtime industry veteran and Symphony Senior Living CEO Lisa Brush has long had ambitions to grow a new senior living platform in the U.S. — but she is in no hurry, either. In the third quarter of 2023, occupancy recovery for the Ontario-based senior living operator and its four communities still “is a little slow,” […]
Senior living development is diminished in 2023 — but it is not dead. Across the country, senior living companies are still finding ways to forge ahead with new development projects even amid challenges related to financing and construction. But the challenges of this year have pushed these companies to become even more bold and creative […]
To keep up with the changing resident profile of the incoming baby boomer generation, senior living companies are hitting the refresh button on memory care programming . Operators are taking stale concepts and remixing or innovating on them to offer more meaningful programming and amenities to residents in the quest to realize a big wave […]
