Brookdale Senior Living (NYSE: BKD) topped the list of the largest senior living providers in the nation this year, followed by Holiday Retirement, Life Care Services, Five Star Senior Living (Nasdaq: FVE) and Sunrise Senior Living, according to data compiled annually by industry association Argentum. The top five providers by number of units remained unchanged from […]
Category: Management & Operations
Spurred by the continuing shortage of skilled labor in senior living, the costs to reside in assisted living in 2018 are nearly double last year’s rate, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). Assisted living costs rose 6.67%, the highest spike among all care segments. AL costs increased […]
Eclipse Senior Living is beefing up its independent living side in a management deal with Apollo Global Management that includes 15 properties and the launch of a new senior living brand. The Lake Oswego, Oregon-based company said Monday it had taken on the management of 15 Apollo communities formerly operated by Brookdale Senior Living (NYSE: BKD) and scattered […]
Hurricanes Florence and Michael have exacted a steep toll on senior living providers throughout the Southeastern United States, including Affinity Living Group. Affinity is the largest provider in the region and one of the largest in the nation, operating more than 140 communities across six states. With about 90 of those facilities in the Carolinas, […]
Improving employee retention can bolster a senior housing community’s bottom line by reducing expenses, but it can also help drive up occupancy, according to a new white paper from industry association Argentum and consultancy Great Place to Work. For the white paper, researchers considered a hypothetical regional senior living operator with 1,500 employees, 20 communities, […]
In the foothills of Tucson, Arizona, a new type of senior housing offering is being developed by Watermark Retirement Communities. The project, called The Hacienda at the Canyon, features an innovative pricing structure — including non-refundable membership fees of up to $60,000 — and an “integrative wellness” approach that blends high-end, resort-like amenities and on-site […]
Medication management is a growing service area that presents an important opportunity for senior living operators. Whether medication management is performed in-house or is outsourced, it addresses a burdensome task that may otherwise fall on residents’ loved ones or the residents themselves. But managing multiple medications for residents, particularly when an operator has many communities, […]
One of the largest non-profit senior housing operators in the U.S. has a new chief operating officer. The Kendal Corporation named Marvell Adams Jr. as its new COO, the organization announced Monday. He succeeds Judy Braun, who retired in July as COO after a 17-year tenure with Kendal. Adams will transition to his new role […]
After tumbling to an eight-year low in Q2, senior housing occupancy nationwide remained unchanged at 87.9%, according to the National Investment Center for Seniors Housing & Care (NIC) Q3 market fundamentals report. The occupancy rate is 0.8 percentage point lower than a year ago, 2.3% lower than the most recent high water mark of 90.2% […]
This year has been one of redefinition for Sustainable Housing for Ageless Generations (SHAG). The Washington-state based senior housing provider — the largest in the Puget Sound area — celebrated its 30th anniversary with a new vision, and came close to changing its name altogether. SHAG’s acronym used to stand for “Senior Housing Assistance Group.” […]
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