This article is part of your SHN+ subscription Senior living providers are staying aggressive on rates as they look ahead to 2024, carrying over yet again another year of substantial increases while attempting to not impact occupancy figures. From right-sizing rates for a specific market footprint to enacting blanket rental rate increases across an entire […]
Category: Management
A company with a grand vision of “decentralizing medicine” is planning to grow in the senior living sector in the next two years. The company, Novo Integrated Sciences (NASDAQ: NVOS), has holdings in a variety of industries, including manufacturing, health care and research. Bellevue, Washington-based Novo already has an eldercare division focused on markets in […]
Frontier Management has switched things up with the launch of a new senior living sub-brand — all part of a larger effort to “refresh and reset” for the future, according to COO and Chief Clinical Officer Kandice Alcorn. The company earlier this month announced the launch of its new Frontier Senior Living moniker ahead of […]
Minnesota, Washington and Washington, D.C. are the top-three states for long-term services and supports, according to a newly released report from AARP. Released every three years, the “2023 LTSS State Scorecard” measures the quality of long-term services and supports in every U.S. state and the District of Columbia.States are judged by performance in five categories: […]
After margins hit a near-low point in late 2022, senior living operators have spent 2023 strengthening their bottom line with hopes that growth will continue into the new year. In many cases, margin gains have been a direct result to operators improving census across their portfolios, shoring up labor pressures and increasing resident market rates. […]
This article is part of your SHN+ subscription Some notable news broke on Tuesday night: the acquisition of a 113-bed assisted living and memory care community in Brentwood, Tennessee. I know that sounds more like a modest deal rather than headline news, but the transaction could have a big impact on the sector, if the […]
New senior living operator Evolve Senior Living is launching with an ambitious mission, according to its co-founders: Helping to fix a “fundamentally broken industry” and in the process alleviate friction between owners and operators. Declining community revenue and a higher floor for expenses are putting pressure on margins in 2023, which in turn is forcing […]
Onelife Senior Living is nearing the official launch of its seventh community, and looking ahead, the company has more growth planned beyond that. The 103-suite senior housing community located in Springfield, Oregon, dubbed The Esther at Riverbend, has been in the works since Onelife began acquiring parcels of land for the community in 2017, according […]
Operators often extol the benefits older adults gain by moving in a senior living community — now, new research shows that doing so has a clear positive effect on how vulnerable they are. That’s according to a new study undertaken by NORC at the University of Chicago (NORC) through a grant provided by the National […]
This article is part of your SHN+ subscription Discovery Senior Living achieved “explosive growth” when it was joined at the hip with Integrated Senior Living (ISL) earlier this year — and that may be just the start of the company’s next chapter, according to CEO Richard Hutchinson. “We’ve hit the fast-forward button on evolution,” Hutchinson […]