When Kris Engskov took a job with Starbucks in 2002, the iconic coffee purveyor was only a fraction of the size that it is today. “It was at the time a pretty small, entrepreneurial company that was values-oriented and thought it could change the industry and consumer tastes,” Engskov told Senior Housing News. “I see […]
Technology will play a key role when Maplewood Senior Living’s Inspir Carnegie Hill community opens on the Upper East Side of Manhattan. The $300 million luxury-focused community will bring with it a comprehensive technology suite designed to enhance the resident experience and make operations more efficient. The suite — which is called Alli — will […]
Large players such as Skender and IKEA are betting that prefab building practices can help meet the rising demand for senior housing. Chicago-based Skender has morphed in the past 18 months from a general contractor to a vertically integrated manufacturer of prefabricated modular building components for multifamily, senior housing, health care and commercial buildings. The […]
Since closing on their affiliation to start 2019, the Evangelical Lutheran Good Samaritan Society and Sanford Health have pursued a three-part strategy to realize the benefits of combining and achieve long-term success. Under financial pressure, the Good Samaritan Society laid off 100 people at its Sioux Falls, South Dakota national campus in 2017. Thanks to […]
Investor appetite for senior housing has grown to levels that industry finance experts say is unprecedented, in terms of the variety of buyers seeking transactions. What makes this investor landscape historic is no group is sitting on the sidelines, senior living finance and transactions professionals told Senior Housing News. “The buyers market is hitting on […]
Other senior living companies can learn a thing or two about employee satisfaction from Brightview Senior Living. The Baltimore-based provider took the top spot among 50 other large senior housing and care companies in this year’s Best Workplaces in Aging Services list. And it did it by building a culture where everyone feels valued, according […]
About two decades after its founding, Louisville, Colorado-based Balfour Senior Living is entering a new era. With real estate investment trust Welltower Inc. (NYSE: WELL) as its capital partner, Balfour is primed to bring its high-end offering to the East Coast for the first time — which will be a homecoming of sorts for CEO […]
While franchising is embraced in home care and hospitality — not to mention fast food, rental cars and various other industries — it has been slow to catch on in senior living. But a handful of senior housing companies — including BeeHive Homes, BrightStar Senior Living and Avendelle Assisted Living — are breaking the mold. […]
In July, an independent living facility in Chattanooga, Tennessee welcomed an unconventional new resident: an 18-year-old named John Payne. This experiment in multigenerational housing is being led by The Victory Lap, a nonprofit organization that matches youth who have aged out of the foster care system with vacant apartments in senior housing communities, Victory Lap […]
There are are plenty of ideas circulating as senior living stakeholders search for ways to make communities for the vast middle market. But it is not yet clear which ideas will have staying power and who will take risks on untested models — particularly in terms of equity investors. And any potential middle-market product cannot […]
