Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]
Category: Management
J.D. Power’s senior living certification program rollout now has its first successes. Three independent living and assisted living communities owned and operated by Newton, Massachusetts-based Five Star Senior Living (Nasdaq: FVE) became the first senior living communities in the U.S. to earn the coveted Power badge. The communities are Five Star Premier Residences of Hollywood, […]
Competition on a local level among senior housing operators was extremely heated in 2018. That is according to the 2019 Seniors Housing and Care Survey by Lancaster Pollard. The Columbus, Ohio-based health care financial services company sent an online survey to nearly 4,000 senior housing executives across the U.S. last December. Over the following month, […]
Whether recruiting nurses from abroad or taking a new approach to intergenerational senior living, The Goodman Group is striving to innovate while expanding its portfolio of managed communities. Based near the Twin Cities in Chaska, Minnesota, The Goodman Group today manages 63 properties across nine states. About half the portfolio consists of managed senior living […]
On the heels of a reshaping of its senior housing portfolio taking place over the course of the last two years, health care REIT HCP (NYSE: HCP) says it is prepared to ride out the headwinds associated with the transition. Despite being positioned for long-term success, the Irvine, California-based health care REIT said in announcing […]
Health care versus hospitality: it’s an ongoing debate in the senior living industry today. High-end properties with resort-style amenities grab headlines, but other companies are committed to a different niche. For Premier Senior Living, success lies in maintaining a laser-focus on care and marketing that expertise. The New York City-based company currently has 23 assisted […]
Through years of developing senior housing properties, Matt Johnson grew frustrated with third-party management companies that were like the “JV squad” of operators. So, in 2015, he co-founded an operating company of his own, Surpass Senior Living. Surpass came out of the gate with five communities in the Phoenix metro area, which opened in quick […]
Benchmark, one of the largest senior living providers in the U.S. Northeast, is launching a Wellness Management division focused on new, urban communities. Denise McQuaide, who has served in executive roles within senior living and other health care companies over the last 30 years, has been hired to lead the division as president and COO. […]
In founding Eclipse Senior Living in 2017, CEO Kai Hsiao wanted to leverage his experience in both senior living and hospitality to build an innovative operating platform. Innovations are needed, he believes, to reach the “unspoken 88%” of older adults who find current senior living options unappealing. Now, with a portfolio of about 100 communities […]
In 2016, private equity-backed multifamily real estate firm The Wolff Company announced an ambitious senior living development pipeline. Now, with three Revel-branded independent living projects open and 14 more in the works, Wolff is taking over ongoing management of the properties as well. The company has tapped a heavy-hitter from the hospitality world to lead […]
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