The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]
The nation’s largest senior housing provider has hired a former 3M executive and current Best Buy board member to fill a newly created senior living leadership role. Brookdale Senior Living (NYSE: BKD) announced Tuesday it had hired Cindy R. Kent as its new executive vice president and president of senior living. Kent is set to […]
Tana Gall will become president of Merrill Gardens — again — next month, and she is excited by the opportunity to experiment and create new ways of doing business. “We haven’t figured it out completely,” she told Senior Housing News, speaking of plans to combine Merrill Gardens with Blue Harbor Senior Living and offer a […]
The year is almost over, but Atlas Senior Living isn’t done with its 2019 growth just yet. The Birmingham, Alabama-based senior living provider announced Monday that it’s set to take over operations for seven former Brookdale Senior Living (NYSE: BKD) communities totaling 425 units in Florida and Georgia. Atlas on Dec. 1 closed on the […]
There’s an incorrect yet commonly held stereotype that senior living communities are where older adults go to wither away at the end of their lives. The same stereotype can even apply to people who work in senior living dining, according to Resort Lifestyle Communities (RLC) Executive Chef Jonathon Bolton. “There is a saying that senior […]
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. […]
The senior living industry does a good job of recruiting entry-level talent, particularly when compared to other service-based industries. But providers need to do a better job at developing internal referral pipelines and reducing turnover, and they need look no further than to those other industries competing for the same talent. Senior living has a […]
Like many other senior housing and care nonprofits, St. Ann’s Community has a long and successful track record, but the organization has been making some big moves to keep pace with a rapidly changing operating environment. Michael McRae joined St. Ann’s a decade ago and became CEO five years ago. In that time, St. Ann’s […]
Programming separates active adult from simple age-restricted multifamily communities. But it can be a challenge to come up with engaging activities for active adult residents, especially given the limitations in staffing and budget for these operations. One solution is to program communities with a mix of resident-led and provider-led activities. That way, residents will still […]
Discovery Senior Living had a landmark year in 2019, hiring its first COO, making strides on an “experiential living” model, and striking major deals with real estate investment trusts Welltower (NYSE: WELL), HCP (NYSE: HCP) and NHI (NYSE: NHI). Memory care has been another major focus, and the Bonita Springs, Florida-based provider recently announced that […]