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 […]
Category: Management
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 […]
“If I could count the number of times I was shown a pool table for a family looking for dementia care, I could scream.” These words are from the leader of a senior living placement service — the company’s agents meet with prospective residents and their families, advise them on options, and accompany them on […]
Senior living is facing disruption on multiple fronts, but one trend in particular could be a game-changer: the increasing ability of older adults to remain independent and out of congregate housing until later in life. This was a key finding of “The State of Senior Living: An Industry Grappling with Autonomy,” a new report from […]
Faced with rising liability insurance costs, senior housing providers are working with insurers and insurance brokers to address the issue by identifying and managing risks. Liability insurance rates are expected to rise by as much as 30% in 2019, according to insurance broker Willis Towers Watson. The growth in claims, payouts and settlements is so […]
Recently announced Medicare Advantage policy changes could open up new opportunities for senior living providers, further accelerating the transformation of the industry’s dominant private-pay revenue model. “Senior living providers are crazy if they don’t start thinking about housing/health care integrated products,” Anne Tumlinson, founder and CEO of Anne Tumlinson Innovations, told Senior Housing News, in […]
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