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: […]
Category: Management
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 […]
After branching off on its own from the Avamere Family of Companies about a year ago, Arete Living has spent the last 12 months preparing for more growth by stabilizing its portfolio. The company’s occupancy and margins are improving, and in the last year Arete leadership has focused on building a new sales culture to […]
National Senior Communities, the Evangelical Lutheran Good Samaritan Society and Presbyterian Homes & Services have again landed at the top of the annual LeadingAge Ziegler 200 report, which was released Thursday. The annual report, now in its 20th release, ranks the largest senior living nonprofits in the country by various measures, including total unit count. […]
Insurance premiums have seen rises and falls throughout 2023, depending on what is being covered, but the volatility of rates is unlikely to be going away anytime soon. Some areas of coverage, such as directors and officers insurances, auto insurance and workers compensation, have seen stabilization since the time of Covid. Even general liability has […]
Subscribe
Receive industry updates and breaking news from SHN