New Perspective CEO: Our Big Growth Push Could Include Active Adult, Middle Market Plays

New Perspective Senior Living has a new CEO — and soon, the company might venture into new product types, too. The Minnetonka, Minnesota-based senior living provider is exploring both middle-market and active adult senior housing, according to CEO Ryan Novaczyk. “We think it’s interesting,” Novaczyk said during a recent appearance on the Senior Housing News […]

‘Hard to Believe’: NHI, Operators Pick Up Pieces After East Lake Debacle

Unpaid food and utility vendors. Lapsed registration and insurance. Uninhabitable rooms. Employee payroll issues. Rent checks left undeposited. National Health Investors (NYSE: NHI) CEO Eric Mendelsohn started hearing these kind of complaints from residents and employees at three of the company’s communities last year. “It was just hard to believe,” Mendelsohn recalled in an interview […]

Trilogy Invests Millions in Workforce Programs, Boosts Retention

With its workforce burdened by crushing student loan debt, Trilogy Health Services started a repayment assistance program. About four years after starting that program, the Louisville-based senior housing and care provider is paying out nearly $2 million annually to about 1,500 associates, and is seeing a dramatically better retention among these workers. But loan repayment […]

Invesque Expedites Operator Transitions, Issues Positive 2021 Senior Housing Forecast

After a whirlwind of acquisition activity in 2019, Invesque (TSX: IVQ U) is winding down the year with an eye on maximizing the value of its expanded senior housing portfolio in 2020 through improved operations, selective paring of assets, and holding options to consolidate most of its portfolio into master leases. The Toronto-based real estate […]

Brookdale CEO: Health System Partnerships Can Improve Senior Living Penetration Rates

Senior living penetration rates can rise, provided the industry does a better job of integrating resident care with major health care players. That’s according to Cindy Baier, CEO of Brookdale Senior Living (NYSE: BKD), who on Wednesday spoke about the chance for senior living providers to forge such partnerships in order to grow historically stagnant […]

Editor’s Take: Salt Hotels Could School Senior Living on Solving Labor Woes

I’m sick of hearing about career ladders. With workforce challenges putting senior living operators under intense pressure, I ask industry leaders about recruitment and retention strategies whenever I have a chance.  Sometimes, people share interesting and effective ideas. Most often, though, I hear about career ladders. Or the benefits of having a strong, mission-oriented culture.  […]

Inside the New Medicare Advantage Push from 10 Senior Living Providers

As more senior housing and care providers get in the Medicare Advantage (MA) game, it is becoming increasingly clear that they are playing a team sport. A striking example comes from Minnesota’s Twin Cities, where 10 different providers have come together with a health insurer and a geriatric medical practice/care management organization to launch one […]

CareTrust Prunes Portfolio in Q3, With Eye Toward 2020 Growth

CareTrust REIT (Nasdaq: CTRE) has spent most of 2019 doing some “spring cleaning” of its portfolio of long-term care facilities — including its senior housing assets — and focused on restructuring its portfolio and transitioning operators in the third quarter with an eye toward future growth in 2020 and beyond. “After five years, a lot […]

Capital Senior Living CEO: Low Point of Turnaround is Behind Us

With industry fundamentals improving and successful operational initiatives starting to scale across the portfolio, leadership at Capital Senior Living (NYSE: CSU) believe the company is now poised to generate long-term success which could start to become evident as soon as the fourth quarter of 2019. Notably, the operator has seen strong results from a sales-related […]

Restructuring on Pace, Five Star Expects Earnings to Turn Positive in 2020

Five Star Senior Living (Nasdaq: FVE) showed continued progress repositioning its senior housing portfolio in the third quarter of 2019, even if the raw numbers were not all pretty. The Newton, Massachusetts-based provider posted a net loss of $7.1 million for the three-month period ending on September 30. However, that marks an improvement over the […]