As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either. That’s because many of the disruptive forces that have molded the industry in recent years aren’t going […]
Cogir — a leading Canadian senior housing operator — is officially launching a U.S. management company under the leadership of two industry veterans, former Merrill Gardens President David Eskenazy and former Aegis Living CFO Walter Jossart. “We’re definitely very excited about it,” Jossart told Senior Housing News. “We’re working through methodically to understand the foundation […]
Months after A Place For Mom CEO Larry Kutscher explained how the company would “reinvent” itself in the next two years, he says the firm has made concrete steps toward that goal. The nation’s largest online referral platform for senior housing announced Tuesday it’s opening a new office soon near Kansas City in Overland Park, […]
Senior living operators are in a “full-risk environment” due to oversupply, labor and other headwinds, and this is leading to necessary disruption in how capital structures are designed, Brandywine Living Founder and CEO Brenda Bacon believes. Specifically, her own experience in leading Brandywine has led her to reverse her position on RIDEA. As an entrepreneur, […]
It’s a common belief that many baby boomers will sell their homes and move into senior housing in the coming decade — but what happens if nobody buys those boomers’ houses? Baby boomers may have difficulty selling their homes in the future, a recent Zillow report found. The idea is that younger generations — particularly […]
The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]
Going into 2020, Aegis Living is taking an entrepreneurial approach to meet intense workforce challenges. And the provider’s president, Kris Engskov, is pushing for a broader industry effort. “I am concerned about how fast we need to reposition the industry,” he told Senior Housing News. Specifically, Engskov does not believe that senior living as a […]
About a week after Scott Riddle joined Minneapolis-based senior living provider Walker Methodist as CFO in April 2013, the CEO left the nonprofit. “My joke is that it usually takes two weeks for people to get sick of me,” Riddle told Senior Housing News. While he’s able to laugh about the situation now, at the […]
Senior living executives who are striving to differentiate their companies from the competition, meet rising consumer expectations and increase industry penetration rates could make progress toward those goals by increasing their aesthetic intelligence. That’s the message from Pauline Brown, former chairman of the North American division of LVMH Moët Hennessy-Louis Vuitton — an enterprise that […]
Heading into 2020, many senior living providers are focused on making investments to upgrade the resident experience, to stand out in a competitive landscape and appeal to future consumers. For Kim Lody, CEO of Capital Senior Living (NYSE: CSU), one potential area of change relates to resident choices. The baby boomers will bring with them […]