Brio Living Services has right-sized skilled nursing and is set to pursue independent living development to spur future growth. The Grand Rapids, Michigan-based senior living provider operates two continuing care retirement communities, two market-rate independent living communities, two middle-market senior living communities and eight affordable senior housing properties. The company also offers certified home care […]
Category: Management
Staffing algorithms like one used by the nation’s largest senior living operator are exacerbating work shortages and often underestimating the amount of care that older adults need, according to a new investigation from the Washington Post. The latest story, published Monday, centered mainly on a staffing algorithm used by Brookdale Senior Living (NYSE: BKD) known […]
This story is part of your SHN+ subscription Since partnering with Discovery Senior Living, the past nine months have been a whirlwind of both integration and growth for Integral Senior Living — just ask CEO and President Collette Gray. “A lot has happened in the last nine months,” Gray said recently during an interview with […]
Hubbell Realty has launched a new business vertical to have a closer hand in managing its Edencrest brand of senior living communities. At the start of the year, the West Des Moines, Iowa-based company announced its subsidiary Highmark Senior Living was taking on management of six Hubbell communities operating under the Edencrest banner. The communities […]
This article is available as part of your SHN+ membership. Following a strong performance in 2023, 12 Oaks Senior Living is looking to keep that momentum going through this year as well. That’s according to President Greg Puklicz, who told Senior Housing News the company was able to grow its portfolio to 38 communities and […]
American Healthcare REIT (NYSE: AHR) sees future upside in expanding independent senior living development at some of its Trilogy Health Services senior living campuses, according to President and CEO Danny Prosky. Prosky’s bullish comments on Trilogy’s operating upside going forward and the tailwind from the REIT public offering last month came during Friday’s fourth quarter […]
Primrose Retirement Communities is shifting its growth strategy in a difficult development environment, with a current focus on growing in smaller, mid-level markets. With the acquisition of The Addison of Pleasant Prairie on Feb. 1, the Aberdeen, South Dakota-based company has grown to 34 communities in 17 states. Since the company’s founding in 1989, its […]
Senior living referral company A Place for Mom is eliminating a senior living community liaison position in favor of a new strategy with “more direct” lines of communication with operators. The New York City-based company last week announced it is laying off its customer success management team, which makes up about 6.8% of its nearly […]
In 2024, the senior living industry is on track to finally regain pre-pandemic occupancy levels after years of pandemic hardship. But getting there will require a year of focusing on lease-up for many operators. Operators including Belmont Village, Sodalis Senior Living and Trustwell Living have overhauled sales and marketing to prioritize getting residents through the […]
A newly repositioned investment company plans to invest $300 million or more in the senior living industry in 2024, both in operators and properties. The company is SPHERE Investments, with a name that is an acronym for “Strategic Public Health Equities and Real Estate.” The company was part of Flagler Healthcare Investments until February, when […]
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