Senior Lifestyle, Brookdale, LCS Top New J.D. Power Senior Living Rankings

Senior Lifestyle Corp. and Brookdale Senior Living (NYSE: BKD) have high satisfaction among senior living decision-makers, while Life Care Services has satisfied independent living residents, according to the 2020 U.S. Senior Living Satisfaction Study from global marketing information services company J.D. Power. The study, which J.D. Power released today, measured resident satisfaction among the nation’s […]

Brookdale Receives $67.5M in New Relief Funds, CEO Heartened by Vaccine News

Brookdale Senior Living (NYSE: BKD) President and CEO Cindy Baier touted a fresh round of aid from the federal government and new progress on the Covid-19 vaccine as signs that the company is on the right footing to weather the pandemic. Leaders with Brentwood, Tennessee-based Brookdale on Tuesday reported the company has received $67.5 million […]

How Covid-19 Led Covenant, Asbury to Swiftly Revamp Their Strategic Plans

Covid-19 is forcing senior living providers to reassess their strategic planning, and many are not waiting for the pandemic to subside to adapt. Notably, large nonprofit providers such as Asbury Communities and Covenant Living Communities & Services are learning to be more nimble with their strategic plans, prioritizing a handful of improvements that can be […]

37% of Nonprofit Senior Living and Care Providers Not Using Abbott Rapid Tests

A significant percentage of long-term care providers, including assisted living, are not using the Covid-19 rapid antigen tests developed by Abbott Laboratories, highlighting the need for direct access to multiple types of coronavirus testing, according to a new survey released Monday by LeadingAge. The nonprofit senior housing industry association received input from 547 of its […]

4 Ways a Biden Administration Could Affect Senior Housing Businesses

Senior housing investors and operators can anticipate several changes that will affect the industry as a result of the 2020 U.S. elections. Democratic President-Elect Joe Biden has floated proposals including a major investment in home care, changes to real estate programs and policies, and pledges related to the caregiver workforce. The incoming administration also may […]

Capital Senior Living CEO: Increase in Voluntary Move-Outs is Likely Temporary

Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]

Five Star Sees Deep Concessions From Competitors, Resists Discounting

Leaders with Five Star Senior Living (Nasdaq: FVE) are focused on maintaining rental rates in the face of steep concessions that competitors are offering in some markets, as they seek to rebuild occupancy that has eroded due to Covid-19. The strategy to prioritize rate over occupancy could weigh on near-term results for Diversified Healthcare Trust […]

Whoever Wins Presidency, Federal Oversight of Assisted Living a Strong Concern

With the U.S. Presidential election still up in the air on Wednesday, the future direction of public policies that would affect senior living remained uncertain. But regardless of who ultimately wins the White House, tighter federal oversight and regulation of the industry appears likely. “In the months and years to come, we anticipate additional scrutiny […]