Kisco Senior Living has launched two new training programs aimed at delivering hotel-style service to residents and retaining its longtime workers — and one of the initiatives has the backing of the Forbes Travel Guide. The Carlsbad, California-based senior living provider recently announced dual “Forbes’ Luxury Hospitality Training” and “Career Lattice” programs for its workforce. […]
A change in top leadership at Capital Senior Living (NYSE: CSU) has not silenced one of the Dallas-based senior housing operator’s shareholders. Cove Street Capital is calling for “commensurate change” in the Dallas-based company’s board of directors. Capital Senior Living is one of the country’s 10 largest providers in the industry, and operates 129 communities […]
Senior living providers spend a lot of time and resources thinking about their residents’ first and last days, and for good reason. But those companies are remiss if they don’t also focus on their employees’ first and last days. That’s because those two days — the day when a new hire comes aboard, and the […]
Although senior housing occupancy rates nationwide remained near historic lows in Q4 2018, the increase in occupied units hit a new high, according to the National Investment Center for Senior Housing & Care (NIC) Q4 market fundamentals report. Courtesy of NICA snapshot of Q4 2018 senior housing occupancy rates, as recorded by NIC. Overall senior […]
Ecumen, one of the nation’s largest nonprofit senior housing and services providers, has named Shelley Kendrick as CEO and president, effective Feb. 4. Kendrick joined Ecumen in 2012 as vice president of operations and currently is COO. She succeeds Kathryn Roberts, who has been CEO since 2003. Roberts indicated to Ecumen’s board last year that […]
The health care industry’s shift in focus from acute care in a centralized setting to treating people in their homes is creating ripple effects across the senior living market. Senior housing owners and operators need to prepare for the shift or risk being left behind, National Investment Center for Seniors Housing & Care (NIC) founder […]
Capital Senior Living (NYSE: CSU) has appointed a successor to retired CEO Larry Cohen. Lody’s first priorities with the company will include improving its operating performance, growing occupancy, stabilizing rates and strengthening its financial position. Kim Lody The Dallas-based senior living operator’s board of directors named Kimberly S. Lody as president and CEO, effective immediately. […]
The traditional definition of senior housing is under attack. Looking back at the last 10 to 15 years, the asset class as defined by investors had distinct lines between independent living, assisted living, memory care and nursing homes. All of these communities were surrounded by 55-plus master planned communities, traditional multifamily and single family options, […]
Wellness has been a buzzword in senior living for some time, and new survey numbers showcase that it is replacing “care” as the driving concept for community operations. The International Council on Active Aging asked 267 senior living professionals this question: Will their community be based in a wellness lifestyle with options for care, or […]
Senior housing providers and other industry stakeholders may be feeling a sense of dread going into 2019. Occupancy is at a low point, labor expenses are surging amid sharp workforce challenges, new competition continues to pressure certain markets, construction costs are up and aging baby boomers are not yet entering communities in huge numbers. While […]
