Founded in 2016, Innovation Senior Management (ISM) has carved out a niche in operating middle-market and affordable communities, and has bigger ambitions. Going forward, the company is focused on building up its independent living offering and targeting the market for adult day services, which founder and CEO Pilar Carvajal sees as a missed opportunity for […]
A combination of new technology and vertical integration of payers, providers and capital could drive more affordable senior living in the United States, Welltower CEO Tom DeRosa believes. Toledo, Ohio-based Welltower (NYSE: WELL) has developed a successful business based on owning Class A senior housing properties in affluent markets. But the real estate investment trust […]
Ventas (NYSE: VTR) has a plan to “pivot to growth” in 2020, and it sees big data and close relationships with its senior housing operating partners as key to that effort. The Chicago-based real estate investment trust (REIT) laid out its multifaceted growth strategy during its investor day presentation in Philadelphia on Tuesday. That strategy […]
The question of whether the senior living industry is prepared to meet the demand for middle-market senior housing has emerged as one of the top issues facing the industry in 2019. With the aging of the baby boom, the contingent of middle-income seniors is set to hit 14.4 million people by 2029, and 56% of […]
Asbury Communities is known for its innovative programs — but the senior living provider is also careful not to take big risks too quickly. Frederick, Maryland-based Asbury is one of the largest senior living nonprofits in the U.S., with seven senior housing communities in four states. The company has this year touted four technology pilot […]
“With today’s construction costs, we are seeing every project exceed their projections.” These words are from a senior living interior designer, who connected with Senior Housing News for this installment of “Confessions.” The goal of this series is to share candid perspectives that might be hard — but helpful — for readers to hear. To […]
GenCare Lifestyle, already an industry leader in wellness-focused senior living operations, is launching a health system partnership in one of its communities, with plans to scale. The partnership will build on the company’s wellness foundation and broaden what the Seattle-based provider can offer its residents, as well as improve their quality of life, founder and […]
Founded by a former Pennsylvania governor during the early days of senior living, Country Meadows Retirement Communities is evolving to meet current operating challenges and future demand while maintaining its market share in an increasingly competitive environment. The Hershey, Pennsylvania-based company has just launched a hospice business branded as Lifesong Hospice and Palliative Care, is […]
While the senior living industry searches for a way to reach the middle-market of consumers, one of the largest providers in the U.S. believes it has a winning formula. Affinity Living Group (ALG) has more than 140 communities open or soon-to-be-open across six states in the U.S. Southeast — 90% of which have rates amenable […]
Since Kristin Ferge joined Capri Senior Communities in 2016, she has helped lay the foundation for the company’s rapid growth through a mix of new development and acquisitions. Today, the Waukesha, Wisconsin-based company is the largest senior living developer and operator in the state by total number of units, according to 2018 rankings from industry […]
