Senior living and care providers in the future must consider building a greater appetite for assuming risk when it comes to joining value-based care initiatives in order to spur growth, according to Ohio Living CEO Larry Gumina. Ohio Living has been a long-time proponent of the value-based care effort, having worked as one of the […]
The past year was “foundational” for senior living operator LifeSpire of Virginia, with President and CEO Jonathan Cook saying the organization is taking momentum into 2024 with future growth planned. “We’ve gone back to a somewhat sense of normalcy, and the staffing issues the last 18 months threw everyone for a headspin,” Cook said. “We’ve […]
A HumanGood community, a community that recently changed hands and a community with hospitality “DNA” have taken the top three spots in a new list ranking the top 250 continuing care retirement communities (CCRCs) in the U.S. The “America’s Best Continuing Care Retirement Communities” list, publicized Wednesday, is yet another effort from a national organization […]
The life plan community sector broke 90% average occupancy in the third quarter of 2023, a total that was nearly 6% greater than the wider senior living industry. That’s according to a recent life plan occupancy update from Ziegler Investment Banking. Life plan community average occupancy sat at 90.5% in the third quarter, representing yet […]
The latest senior living provider diving head-first into wellness-focused offerings is Monarch Communities, with the operator launching a new luxury senior living brand known as “The Current” in connection with Welltower (NYSE:WELL). The Current will be a “person-centric, wellness-oriented” aging-in-place community in Weymouth, Mass., and be the first of The Current brand of luxury senior […]
This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]
Life Care Services, Atria Senior Living and Frontier Management took the top three spots in this year’s J.D. Power 2023 U.S. Senior Living Satisfaction Study. Life Care Services ranked highest in independent living resident satisfaction for its fifth year in a row with a score of 827. In second place was Five Star Senior Living, […]
A low rate of new supply, high levels of demand, greater resident revenue and a growing occupancy rate together have Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier excited about 2024. Over the last year, Baier said the Brentwood, Tennessee-based operator has been able to lay a foundation that “sets the stage for 2024 to […]
Occupancy and margin gains accelerated in the third quarter for Sonida Senior Living (NYSE: SNDA) as the company continued to make progress on several new and existing initiatives. With a new year in sight, the Dallas-based company is “approaching the end of an exceptional year for the Sonida recovery story,” said CEO Brandon Ribar during […]
Senior living industry fundamentals continue to look better as new construction stays low and operations continue to improve, but certain headwinds and uncertainties remain. That’s according to Zach Bowyer, Cushman and Wakefield senior managing director, following the release of the latest investor survey and trends report. “We all know the current interest rate environment is […]
