Senior living providers are encountering serious obstacles in hiring the large number of workers they need, but many also see ways they could improve their systems and processes to achieve better results. More than 600 senior living professionals responded to a recent survey conducted by OnShift, a company that offers human capital management (HCM) solutions, […]
Category: Management & Operations
On the job search? Senior living companies are hiring. For experienced professionals in real estate, analytics, operators, sales and more, established communities are hiring for the future. Senior living employers from Mather Lifeways to The Villages at Pine Valley in Philadelphia, are seeking talented industry professionals to join their growing teams. To find out more […]
Brookdale Senior Living Inc. (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have entered into a definitive agreement to acquire 35 private pay senior living communities from Chartwell Retirement Residences for $849 million. The properties — which represent the entirety of Chartwell’s U.S. portfolio — will be acquired using a RIDEA joint venture structure with HCP and Brookdale owning 90% […]
Dominion Senior Living Names New Executive Director Dominion Senior Living of Johnson City, Tenn., has welcomed Michelle Bolling as the community’s executive director, as it prepares to open in April. The faith-based senior living community will offer 45 assisted living and 15 memory care apartments. Bolling completed her associate degree at Northeast State Technical Community […]
In its latest move to prod the nation’s largest senior housing provider to spin off its real estate into a real estate investment trust (REIT), Sandell Asset Management Corp. has announced its intention to nominate a slate of candidates to replace three longstanding Brookdale directors. Sandell Asset Management, a shareholder of Brookdale Senior Living (NYSE: […]
Diversified Business Model is Key to Success — For large-cap real estate investment trust (REIT) Ventas, Inc., success flows from having a diverse capital stack and a variety of products in different geographies, Chairman and CEO Debra Cafaro said at the recent Citi Global CEO Property Conference. The company’s experience with various types of deals […]
Senior care acquisitions shattered records last year. And now just two months into 2015, senior housing is leading the way when it comes to mergers, acquisitions and affiliations in both the for-profit and not-for-profit sectors. Senior housing and care represented more than 280 transaction totaling $25.75 billion last year, propelling overall health care M&A activity to […]
Kendal President & CEO John Diffey Announces Plans to Retire in 2016 John Diffey, president and CEO of The Kendal Corporation for more than two decades, has notified Kendal’s Board of Directors that he plans to retire in mid-2016. Kendal is a not-for-profit organization headquartered in Kennett Square, Penn., where ground was broken for the […]
Headed by former Brookdale Senior Living (NYSE: BKD) chief John Rijos, CPF Living Communities is acting on its previously announced plans to invest $250 million in senior living properties over the next few years, following the company’s recent acquisition of a 350-unit facility in Topsham, Maine. Specifically, the company plans to grow by acquiring senior […]
Senior living leaders recognize the importance of forging strong ties with hospitals and health care systems, but it appears many operators have been complacent and might now lack the tools to seize on partnership opportunities that would give them a competitive edge in a brand new health care landscape. International design, planning and consulting firm […]
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