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 […]
Category: Management
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 […]
Healthpeak Properties (NYSE: PEAK) may have changed its name in the third quarter of 2019, but the revamping of its senior housing portfolio that began when it was known as HCP is still a work in progress — one that President and CIO Scott Brinker compared to surgery Wednesday during the company’s fourth quarter and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
Building a solid pipeline of top talent is the top 2020 goal for Kisco Senior Living Founder, President and CEO Andy Kohlberg. Current labor challenges are unlike anything that Kohlberg has seen during his 30 years in the industry. “This is the toughest labor environment in my entire time in the industry,” he told Senior […]