Oakmont Senior Living has reached a settlement with the California Department of Social Services related to evacuations that took place during 2017 wildfires. Windsor, California-based Oakmont has planned and developed more than 50 communities on the West Coast, and operates 24 communities in California and one in Nevada. Two of its continuing care retirement communities (CCRCs) […]
Category: Management & Operations
The level of resident monthly fee increases in 2018 is on par with the average increases over the previous five years. And workforce pressures will continue to drive fees higher next year, according to CFOs responding to the latest Ziegler CFO Hotline survey. More than 230 not-for-profit senior living CFOs and financial professionals participated in […]
Brookdale Senior Living’s (NYSE: BKD) portfolio restructuring may be in the late innings, but the game is not over yet. The stock price for the Brentwood, Tennessee-based senior housing owner and operator slumped over 11% in trading Monday after RBC Capital Markets analyst Frank Morgan issued further guidance. Morgan his target price for Brookdale stock […]
The post-acute evolution occurring in the long-term care industry provides plenty of challenges for today’s senior living providers — and also some big opportunities. That was among the top takeaways of a recent Senior Housing News webinar entitled “The Future of Post-Acute Care in Senior Living.” “These are very exciting times for all of us […]
Benchmark Senior Living has long been one of New England’s largest senior housing operators. Now the firm is setting its sights outside the northeast. The Waltham, Massachusetts-based provider recently opened Whisper Woods of Smithtown, a $25.5 million assisted living and memory care community with 130 assisted living and memory care units in Smithtown, New York. […]
Six trends are rocking intergenerational senior living, changing how operators deliver a lifestyle that is growing each day in popularity and product type. Last week, we looked at five of those trends, each of which are explored in deeper detail in the new Senior Housing News report, “The New Opportunity in Intergenerational Senior Living.” The […]
Industry association LeadingAge and specialty investment bank Ziegler’s list of the nation’s largest nonprofit senior housing providers grew a bit this year. The 15th annual LeadingAge Ziegler 200 (LZ 200), published Monday, ranks the largest not-for-profit systems providing aging services through senior living in the United States, in order of total owned market-rate units, as of the […]
The Avamere Family of Companies announced on Wednesday a reorganization of its executive ranks intended to remove the separations among the Wilsonville, Oregon-based firm’s individual entities, allow the sharing of resources and create a post-acute care network. “With this new organizational structure, our company will be able to more effectively uphold our mission, core values, […]
The assisted living industry is changing from a hospitality-based model to one incorporating more health care options to allow seniors to age in place. The shift in operational strategy comes as more seniors indicated they prefer assisted living to moving in with family members. The anticipated “silver wave” of baby boomers aging into assisted living […]
Industry veteran Jayne Sallerson has a new feather in her cap, having just been elevated to COO of Naperville, Illinois-based Charter Senior Living. But she has her work cut out for her, too. Charter, a relative newcomer in the industry, plans to more than double the size of its portfolio in the next three years, meaning […]
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