Pennant CEO: Providing Senior Living, Home Health at Scale Gives Us An Edge

As CEO of Pennant Group (Nasdaq: PNTG), Danny Walker is leading an organization with about 50 senior living communities and 60 home health and hospice agencies — and he believes that this mixed portfolio will give the company a competitive advantage by enabling it to drive coordinated care. Pennant officially came into existence at the […]

Hotel Owner Quadrum Expands Senior Living Arm with Liana Brand

A recent entrant into the senior housing space is diversifying and expanding its offerings by launching a new memory care brand called Liana. Quadrum Senior Living (QSL) announced this week that its new Liana brand now extends to two 54-unit properties in Venice, Florida; and Austin, Texas. Another two 54-unit communities on the way in […]

Monthly Assisted Living Costs Surpass $4,000

The cost of assisted living rose 1.28% in the past year, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median cost for a one-bedroom unit in an assisted living community is now $4,051 per month, or $48,612 per year, according to the survey. The five-year annual growth […]

Merrill Gardens President Eskenazy To Step Down

About five years after joining Merrill Gardens as president, David Eskenazy is preparing to step down from that role and exit the senior living provider. He will pursue other professional opportunities and spend more time with family, he told Senior Housing News. For about four years, he has been on a plane every week to […]

Activist Brookdale Investor Withdraws Flaherty Board Nomination

The ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings is on hold — at least for now. Land & Buildings Investment Management on Tuesday withdrew its nomination to add Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), to Brookdale’s board of directors. The […]

Former Omega Healthcare Execs Form New Private Company, Hana 2.0

A group of long-term care veterans led by former AVIV REIT chairman Craig Bernfield are launching a new private company to acquire, develop and enter into triple-net leases on health care real estate for seniors. Hana2.0 Property Group will initially focus equally on assisted living and skilled nursing assets, co-President Jeff Marshall told Senior Housing […]

How Benchmark Rebounded After Losing Its ‘Mojo’

Not long ago, Benchmark was struggling. Although it had built a reputation as a leading senior living operator, the Waltham, Massachusetts-based company was staring down new competition and declining business results. Benchmark’s occupancy had fallen to below 88% in 2017, a departure from the 93% occupancy rate the company had grown accustomed to over the […]

From Club Med to Senior Living: Agemark CEO Has Deep Hospitality Roots

Many senior living executives today have hospitality backgrounds, but few can say they worked with the original owners of Club Med — except for Agemark CEO Richard Westin. Westin joined the legendary resort company in 1962 after meeting co-owners Gilbert Trigano and Gerard Blitz the previous year. In fact, he was the very first American […]