Inside the $3B Growth Plan and Rebrand of Erickson Senior Living

The company formerly known as Erickson Living has a new name and a new five-year plan to expand and upgrade its portfolio of continuing care retirement communities (CCRCs). The Catonsville, Maryland-based CCRC developer, owner and operator —- now officially called Erickson Senior Living — has committed about $3 billion in self-funding for the construction of […]

Harrison Street, Fitwel Put Senior Housing on Leading Edge of Healthy Building Movement

The Covid-19 pandemic raised the stakes for senior housing design, making it more important than ever for these buildings to promote the health and wellness of residents, staff and visitors. Private equity firm Harrison Street is seeking to be in the vanguard of healthy senior housing buildings, through a partnership with the Center for Active […]

Pegasus CEO, Chair Vick Retires; Co-Founder Hollister Takes Helm

Pegasus Senior Living CEO and Chair Steven Vick has retired, and co-founder Chris Hollister has taken the reins of the Dallas-based company as its new CEO and chair. Vick is stepping away from the leadership role after “battling some health problems” for several years, according to a press release on the announcement. “Chris has been […]

Senior Housing Insurance Rates Continue to Spike, But Signs of Slowdown Emerge

A hardening of the insurance market over the past two years continues to have an adverse effect on senior housing professional and general liability underwriting. Premiums, program structures and terms and conditions continue to be impacted by a lack of insurers in the space, according to the Spring 2021 Insurance Marketplace Realities update from insurance […]

Atria’s Tech Strategy Evolves With New CTO, Launch of Subsidiary Glennis Solutions

Atria Senior Living has named a new top technology executive, shortly after launching Glennis Solutions as a subsidiary company providing tech offerings that are purpose-built for senior living. These moves set the stage for how the Louisville, Kentucky-based provider will approach technology in the years to come, CEO John Moore told Senior Housing News. Having […]

Base Pay In Senior Living Rose 7.8% in 2020, Executive Salary Freezes Show Signs of Thawing

Base pay rose 7.8% across all senior living positions between 2019 and 2020, with stronger wage growth for positions in which industry-specific knowledge was crucial to job performance. That’s according to the latest “State of Compensation in Seniors Housing” report from executive compensation consultancy Pearl Meyer and American Seniors Housing Association (ASHA). The annual survey […]

Aegis Pilots Wellness Program in ‘Grand Experiment’ at New Community

Aegis Living is piloting a resident-centered wellness program at its newest senior living community in a sign of things to come for the company’s entire 33-property portfolio. Under the new pilot, Aegis residents will work with the community’s staff to personalize their wellness plans according to their own health priorities. For instance, a resident who […]