In recent years, A Place for Mom (APFM) CEO Larry Kutscher has led the organization through a “transformation.” That transformation, still ongoing, has resulted in a marketing and technology “machine” that Kutscher believes will help propel the industry into its next chapter. “We’re very focused on driving conversion and helping educate communities on how they […]
Category: Management
An alum of Brookdale Senior Living (NYSE: BKD) and Holiday Retirement is leading a new senior living venture aimed at growing at a steady pace. Since launching the company in 2019, Willow Ridge Senior Living Founder Michael Morris has his sights set on growing the New York-based company through new capital partnerships. The Albany, New […]
Occupancy at life plan communities is continuing to outpace non-life plan communities as senior living operators work to grow occupancy back to pre-covid levels in 2023. According to a new report from Ziegler using NIC MAP Vision data, occupancy at life plan communities registered at 87.2% in the fourth quarter of 2022, a marked increase […]
Pathway to Living is facing an uncertain future after parent company Waterton moved to transition all of the operator’s managed communities to other senior living operators. The companies to take on the properties include Sonata Senior Living, which is in May slated to begin managing one Pathway property in Florida. The community, Azpira of Windermere, […]
As operators tweak their portfolios in 2023 with margins in mind, unit mix is among their most crucial considerations. New data from the National Investment Center for Seniors Housing & Care (NIC) showed that appropriately sizing care segments is one of the most important factors when developing and designing a senior living community, and one […]
Justin Wray has joined Jaybird Senior Living as the Cedar Rapids, Iowa-based senior living provider’s operations executive. Wray brings nearly two decades of senior living experience with him to Jaybird Senior Living, having worked with various senior living providers including Brookdale Senior Living (NYSE: BKD), Frontier Management, Pegasus Senior Living, Mather and Pacifica Senior Living, […]
AlerisLife is no longer a publicly traded entity, as the acquisition of Newton, Massachusetts-based senior living provider by ABP Acquisition LLC is complete, the companies announced on Monday. AlerisLife is now a subsidiary of ABP after the company completed the previously-announced tender offer to acquire all outstanding shares of common stock of AlerisLife for $1.31 […]
Juniper Communities has set a goal to increase care revenue by three percentage points on a company-wide basis in 2023. Welltower (NYSE: WELL) worked with one of its operators to drive a 74% increase in care revenues between Q4 2021 and Q4 2022. As these examples demonstrate, companies are getting creative in finding new ways […]
Elegance Living has promoted Lisa Gaudioso to the role of CEO. She succeeds former CEO Joshua Krull, who left the company this month to lead Artis Senior Living. In addition to naming a new CEO,Baltimore-based Elegance Living announced multiple other promotions, including: Anthony Stablien to the role of president, Jennifer Lauer to vice president of […]
Imagine Senior Living is on an upward growth trajectory in 2023 — but the small operator has no plans to dramatically upsize anytime soon. The Dallas-based operator was founded in 2019, and it currently manages three communities with a total of 183 assisted living and memory care units, with a fourth AL and memory care […]