Long-Term Care Executive Salaries Rose 2.8% In 2019

Salary increases for senior living corporate executives continued to climb in 2019. According to the 2019-2020 Multi-Facility Corporate Compensation Report published by Hospital & Healthcare Compensation Service (HCS), long-term care facilities reported an average salary increase of 2.81% for corporate positions last year. HCS reviewed data from 53 care communities — 42 nonprofit and 11 […]

Welltower CEO: Future of Senior Housing is Not What Exists Today

Buoyed by solid quarterly earnings, executives with Welltower (NYSE: WELL) on Thursday touted that the company’s ambitious strategy is paying off. With regard to senior housing, CEO Tom DeRosa indicated that the industry at large is still working from an old playbook that will not produce satisfactory results in future years, and Welltower is writing […]

Justin Hutchens Steps Down as HC-One CEO for Job in US

Justin Hutchens has stepped down as CEO of HC-One, the largest care home provider in the United Kingdom, and will return to the United States to take a job in health care finance and investment. The details of Hutchens’ new position will be publicly disclosed “in due course,” HC-One noted in announcing the news. Hutchens […]

Aegis Living CEO: Is The Management Contract Dead?

By Dwayne J. Clark, Co-founder and CEO, Aegis Living When I first started out in the senior housing industry 34 years ago, management contracts were not only commonplace, they were highly sought after. As they say, “That was then, this is now.” Back in my early days in the industry, an owner/developer would put out […]

Bob Kramer Starts New Chapter With NIC, Invests in Senior Care Startup

Since stepping down as NIC’s CEO in 2017, Bob Kramer has shifted his role with the organization from its leader to its resident “agent provocateur.” Now, he’ll spend less time doing that, too — but that doesn’t mean he’s leaving the senior living industry or NIC, either. Kramer just wrapped up a two-and-a-half-year period in […]

How Senior Living Providers Can Defend Against Rising Threat of Litigation

Last week, a jury in Van Nuys, California awarded plaintiffs $5.5 million in a suit they brought against AvantGarde Senior Living for negligence — the largest verdict in that city’s history. The facts in that case are troubling, involving an 89-year-old resident who broke her neck in a fall. But providers throughout the industry may […]

Transactions & Financings: $277M Brookdale-Healthpeak CCRC Deal Complete; Genacross Lutheran-Benedictine Affiliation

Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]

6 Senior Living Providers to Watch in 2020

Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]