The senior housing industry is engaged in a “Goldilocks” period of growing rates and margins, according to leaders with American Healthcare REIT (NYSE: AHR). The industry is seeing a period of historically low construction starts and high demand according to Brian Peay, chief financial officer of American Healthcare REIT. For the company’s operating partners, including […]
Category: Management
National Senior Communities and the Evangelical Lutheran Good Samaritan Society are still the two largest senior living nonprofits in the country, according to the latest LeadingAge-Ziegler 200 report The annual report, released Thursday, categorizes the largest nonprofit senior living operators by total unit count. Overall, the top-10 largest operators made up just under a third […]
Hear more insights on CapEx and other topics from industry veterans at our upcoming ReBUILD event in Chicago on November 20 and 21. Tickets are available here. As new development remains tough to work out, senior living operators are shifting growth priorities and focusing on internal repositionings, renovations, and investing in key infrastructure to capture […]
Retirement Unlimited Inc. (RUI) President Doris-Ellie Sullivan has left her post as president, while CEO William Fralin is continuing to lead the company, the operator has confirmed. Sullivan “resigned from her position at RUI to pursue other opportunities,” a spokesperson for the Roanoke, Virginia-based company told Senior Housing News Thursday. The operator did not further […]
Westminster Communities of Florida CEO Terry Rogers has left his role as the organization’s top leader, and CFO Hank Keith has stepped in to temporarily fill the spot. The Orlando, Florida-based senior living operator announced the leadership transition Wednesday. Keith has worked with Westminster for 32 years, most recently overseeing the organization’s finances as CFO. […]
A senior living operator in Pennsylvania is making moves to grow and evolve for the future, including by meeting more middle-market demand. The operator, Providence Place, is in its 25th year of business. In that time it has grown to include seven communities. The company has in 2024 had positive operational momentum, and now it is […]
Over the last year, Belmont Village Senior Living has built out a recruiting department that is already paying dividends. The Houston, Texas-based operator initially started the department years ago with only one vice president of recruitment. Now, it has seven dedicated recruiters, all to maintain the stream of new workers to keep up with projected […]
Independent living move-in rates in the second quarter of 2024 saw a “noticeable slowdown” compared with the same period in the previous year. The rate of steep discounting is also now higher. According to a new NIC MAP Vision Actual Rates report, discounts between asking rates and initial rates “reached new highs” for all care […]
Two senior living companies are joining forces on a new effort to expand hospice care in the Cleveland, Ohio area. The two companies, Judson Senior Living and McGregor Senior Living, have formed a new venture called Hospice of Greater Cleveland. The new venture aims to help both companies better serve demand for hospice services. Collectively, […]
This article is part of your SHN+ subscription Senior living operators across the U.S. are assembling their regional leadership teams and strategies in an effort akin to a high-stakes chess match or solving a complex puzzle. The challenge is that regional leaders are often in charge of driving improved performance at the communities they manage. […]
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