Brookdale Senior Living (NYSE: BKD) now has two major investors calling for the company to sell its real estate assets. Macquarie Investment Management, an affiliate of Sydney, Australia-based financial services firm Macquarie Group (ASX: MCQ) wrote an open letter to Brookdale shareholders on Friday, calling for them to pressure the U.S.’ largest senior housing provider […]
Category: Management & Operations
While senior living providers are focused on attracting younger workers to help fill job vacancies, they shouldn’t write off older adults, either. Some large companies are looking to hire older adults in an effort to beat the ongoing labor crunch. The idea of hiring seniors has in recent times gained traction among big food service players […]
One day after their Q3 2018 earnings calls, leaders with Brookdale Senior Living (NYSE: BKD) and Capital Senior Living (NYSE: CSU) elaborated further on how the companies plan to weather current senior housing headwinds and execute on operational improvement strategies. From Brookdale’s opportunity to gain cash flow to Capital’s willingness to walk away from certain […]
As Artis Senior Living expands its portfolio, CEO Don Feltman keeps in mind a saying that he heard years ago from a titan of the hospitality industry. “When I was at Marriott, I remember Bill Marriott Jr. saying his father’s definition of a pioneer was someone in a coonskin cap, face-down in a mud puddle, […]
The leading edge of the “generation Z” age group has joined the U.S. workforce, meaning senior living providers need to be thinking about how to attract and retain them as employees. As the industry grapples with a labor crunch, the difference between staffing success and failure may hinge on operators’ ability to entice members of […]
As senior living providers look far and wide for ways to help solve the ongoing labor crunch and implement innovative operational strategies, stronger ties with nearby universities should be a top priority. This is no secret. Life plan communities in particular have found success in various types university partnerships, and some high-profile developments underway today —- […]
As senior living providers assess how they can seize new opportunities in Medicare Advantage (MA), they should consider one of the nation’s largest insurance companies an interested potential partner. Indianapolis-based Anthem Inc. (NYSE: ANTM) is the largest for-profit managed health company under the Blue Cross and Blue Shield umbrella. It is also the most prominent […]
The senior living and telecommunications industries might have more to do with one another than you might think. Earlier this year, Brookdale Senior Living (NYSE: BKD) named former DISH executive Steven Swain as its new CFO. He came to the Brentwood, Tennessee-based senior living operator at a pivotal time — just as the company was ramping […]
A push to set in stone a new Washington State University institute named in honor of a senior living pioneer is coming close to bearing fruit. Already, the ongoing launch effort has garnered nearly $2.5 million in naming gift donations this year with more on the way, and is moving steadily along in its planning process at the Pullman, […]
While many senior living owners and operators stress investing in their buildings to keep occupancy high, investing in their workers is equally as important, if not more so. That was among the top takeaways from a panel discussion at the National Investment Center for Seniors Housing & Care (NIC) fall conference in Chicago, which began in […]
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