Capital Senior Living (NYSE: CSU) has appointed a successor to retired CEO Larry Cohen. Lody’s first priorities with the company will include improving its operating performance, growing occupancy, stabilizing rates and strengthening its financial position. The Dallas-based senior living operator’s board of directors named Kimberly S. Lody as president and CEO, effective immediately. Lody has […]
The traditional definition of senior housing is under attack. Looking back at the last 10 to 15 years, the asset class as defined by investors had distinct lines between independent living, assisted living, memory care and nursing homes. All of these communities were surrounded by 55-plus master planned communities, traditional multifamily and single family options, […]
Wellness has been a buzzword in senior living for some time, and new survey numbers showcase that it is replacing “care” as the driving concept for community operations. The International Council on Active Aging asked 267 senior living professionals this question: Will their community be based in a wellness lifestyle with options for care, or […]
Senior housing providers and other industry stakeholders may be feeling a sense of dread going into 2019. Occupancy is at a low point, labor expenses are surging amid sharp workforce challenges, new competition continues to pressure certain markets, construction costs are up and aging baby boomers are not yet entering communities in huge numbers. While […]
Aegis Living has named former Starbucks (Nasdaq: SBUX) executive Kris Engskov to the role of president. Engskov, who previously worked as executive vice president of business integration for the global coffee giant, is succeeding Judy Meleliat, who is retiring from her role as president for the Bellevue, Washington-based senior living operator. Engskov is officially set […]
After more than a decade leading MBK Senior Living, Terry Howard started an advisory firm and was not looking to get back into operations — until Harmony Senior Services came calling. Attracted in large part by the company’s integrated model — involving related private equity and development firms that work in concert with Harmony as […]
In 2019, senior living providers need get over a “me first” mentality and get collaborative. Occupancy will remain stagnant and workforce challenges will grow more complicated, but changes in the U.S. economy and health care system could alleviate some pressures and create business opportunities. However, to take advantage of opportunities, providers might need to “detonate” […]
