As headwinds continue to batter the senior housing industry, some not-for-profit providers are looking to partnerships or mergers as a way to grow scale in order to thrive — or in some cases, simply survive. “In the last three years, a number of organizations are saying, we could go on independently … but where do […]
Senior living nonprofits must learn to cope with industry disruption soon — or communities could become places that people would prefer to avoid. “If we’re not able to move forward, we risk becoming sort of like the outhouse: functional, workable, but not your first choice,” said Steve Jeffrey, chief strategy and innovation officer for Garden […]
In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]
A tech world luminary has turned his attention to solutions targeting older adults — and he believes that the senior living sector will undergo “major change” within the next decade. Alexis Ohanian rose to fame as the co-founder of Reddit. The social news website was acquired by Conde Nast in 2006 for a reported $10 […]
HHHunt Corporation plans to invest $128.4 million to develop new senior living communities this year under its Spring Arbor brand. The Blacksburg, Virginia-based firm also intends to enter the active adult space and is on track to have a development pipeline underway by the fourth quarter of 2019. The new Spring Arbor developments include two […]
Patients and visitors might not immediately realize that Premier Place — a post-acute and skilled nursing center in Naples, Florida — is part of the adjacent Glenview at Pelican Bay retirement community. That’s because Premier Place has a brand identity of its own, with a distinctive look and feel, thanks to a recent comprehensive renovation. […]
As the oldest baby boomers begin their transition to senior living, they are bringing with them a greater education about food and drink. As a result, senior housing operators are adding flexibility to their dining programs to accommodate these changes. This flexibility was the focus of “New Dining Formats for the Next Generation of Senior […]
When Leisure Care prepares to launch a new branded product line, it conducts market research. Literally. “We get into the market and talk to people who live there (and) we look in the grocery stores and see what’s being promoted,” says Leisure Care Executive Vice President Greg Clark. “That tells a lot.” Seattle-based Leisure Care […]
Five Star Senior Living (Nasdaq: FVE) acknowledged its continued financial challenges pose a threat to the company’s viability, even as the organization works to implement operational strategies to effect a turnaround. Five Star is also in discussions with its major real estate investment trust landlord, Senior Housing Properties Trust (NYSE: SNH), to potentially restructure. The […]
Yesterday’s buildings can be tomorrow’s senior housing, in the right hands. As land, labor and materials costs continue to rise, senior housing developers and operators across the country are looking for opportunities to repurpose vacant, obsolete buildings into senior living communities. This allows for speed to market while meeting future demand from seniors transitioning into […]
