NIC CEO: With New Strategic Plan, We Aim to be ‘Catalyst for Evolution’ of Senior Housing

The National Investment Center for Seniors Housing & Care (NIC) is pursuing a new strategic plan, President and CEO Ray Braun announced Thursday at the organization’s spring conference in San Diego. “This is a time of change, challenge and opportunity for the senior housing and health care sectors,” Braun said. “The NIC strategic plan positions […]

Mission Not Impossible: How Sunrise Senior Living, Other Companies Balance Mission and Margins

Mission and margin are not incompatible, and operators that can find harmony between the two stand to attract new residents and capital opportunities. From connecting staff to an organization’s mission that boosts retention and recruitment, to partnering with capital on new business opportunities, there’s a true return on investment within the senior housing industry by […]

CCRCs ‘Significantly Safer’ from Covid-19 Death than Non-Congregate Housing for Older Adults, Once Vaccines Available

The National Investment Center for Seniors Housing & Care (NIC) is forging ahead, going deeper on data than ever before and introducing new educational and research initiatives amid a “great transformation” underway in the senior living industry, NIC President and CEO Ray Braun said Wednesday at the organization’s spring conference in San Diego. “We need […]

Brookdale, Pennant Efforts to Evolve Executive Director Role Point to Industry Shortcomings

Brookdale Senior Living (NYSE: BKD) and Pennant Group (Nasdaq: PNTG) held their earnings calls in the last week, with one common theme being the future of the executive director role. “We are evolving the executive director role to emphasize a larger growth mindset, underscoring strong sales acumen for the incumbents and future community leaders,” Brookdale […]

ISL, Discovery Senior Living Joining as ‘Sister Companies’ After New Recap From Lee Equity, Coastwood

Integral Senior Living (ISL) and Discovery Senior Living are now collaborating in a move that is in effect creating a new senior living operations heavyweight. Funds advised by specialized investment firms Lee Equity Partners and Coastwood Senior Housing Partners are investing in ISL as part of a new recapitalization, the companies announced Tuesday. They did […]

LTC Plans Transitions, Possible Sales for 35-Community Portfolio After Brookdale Declines Lease Renewal

Brookdale Senior Living (NYSE: BKD) has elected not to renew a lease on its portfolio of 35 properties with LTC Properties (NYSE: LTC), appearing to end collaboration between the two companies for now. The Brentwood, Tennessee-based operator chose not to renew its lease with LTC, the Westlake Village, California real estate investment trust (REIT) announced […]

Pennant CEO: Strengthening Our Pipeline of Local Leaders is Our Biggest Priority

After recently undergoing corporate management team changes, Pennant Group (Nasdaq: PNTG) CEO Brent Guerisoli sees developing leaders at the local level across its portfolio as the company’s “number one priority” for 2023. “Our model thrives when local leaders use their freedom within a framework of accountability to operate as owners and drive exceptional performance clinically, […]