Legal risk is inherent with any business, but it’s especially apparent in senior housing. After all, operators and owners are looking after older adults, many of whom are frailer or sicker than the general population. As senior housing providers navigate the industry’s perilous legal landscape, they very often seek the advice of experienced attorneys. One […]
Category: Management & Operations
Senior living providers need to reject top-down management approaches and be bolder in how they appeal to prospective workers to overcome increasingly steep recruitment and retention challenges. This was a key message shared by industry executives Thursday at the 2018 Senior Housing News Summit in Los Angeles. The panelists described a worsening staffing crunch, due […]
Liquidity and overall margins have improved for U.S. continuing care retirement communities (CCRCs), driven in large part by strong investment returns. For the 102 CCRCs that Fitch Ratings has deemed investment grade, the median net operating margin decreased slightly between 2016 and 2017, dropping from 7.9% to 7.2%. However, the excess margin jumped from 1.7% […]
One of the largest senior housing operators in the U.S. is moving forward with its previously announced plans to scale up its rental senior housing portfolio, and the effort now appears to be bearing fruit. Des Moines, Iowa-based Life Care Services (LCS) is on track to open a minimum of 17 communities in the next […]
With the U.S. economy strong — including an historically long bull market — high-end senior living is booming. But as more developers and operators claim to be creating luxury communities, it raises questions about how to define “luxury” in this industry. The leader of one well-established luxury provider, Vi Living, is skeptical about some of […]
Managed care partnerships are gaining steam in senior living, and although many providers are well-positioned to forge those kind of relationships, not all of them know how, or where, to take the first step. Managed care is an umbrella term that can refer to a variety of arrangements among health care providers and/or payers. Generally, […]
In an example of the growing role of Medicare Advantage (MA) in senior living, Silverado is collaborating with insurer CareMore Health. The effort started at Silverado’s Sierra Vista Memory Care community near Los Angeles and has begun expanding to other communities in the last few months. Silverado’s relationship with CareMore is “very much at the […]
Just months after announcing plans to join forces with one of the largest non-profit senior living providers in the U.S., non-profit hospital system Sanford Health is reportedly considering yet another mega-merger. This time, Sioux Falls, South Dakota-based Sanford could soon announce a merger with a $1 billion health system based in Chicago, said CEO Kelby Krabbenhoft according […]
September 13, 2018 1 P.M. Central Time The state of senior living operations is in flux and changing dynamically. New properties are luring consumers, leaving providers with older properties fighting to keep their current residents while competing for an entirely new generation. Dude Solutions recently set out to get a picture of the current state […]
An Illinois woman can now sue the retirement community where she resides, in a case over alleged homophobic harassment she suffered from other residents. This is due to an appeals court decision that is garnering attention for its possible housing law implications. Marsha Wetzel, who lives at the Glen St. Andrews senior living community in Niles, Illinois, […]
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