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. […]
Category: Management
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 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 […]
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 […]
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 […]
Technically speaking, independent living remains the consumer entry point into senior housing — the first step in the traditional care continuum. But as senior living operators know too well, consumers at that entry point are older than in the past, with many now well past 75. That’s why so many senior housing operators are looking […]
Merrill Gardens is nearly doubling its size through the acquisition of Blue Harbor Senior Living, and is welcoming back a familiar face to lead the combined entity. Merrill Gardens has acquired Blue Harbor — a senior living management company — from private equity firm Fortress Investment Group for an undisclosed price, the Seattle-based senior living […]
Thanks in large part to dynamic pricing that took effect over the summer, Sabra Health Care REIT (Nasdaq: SBRA) just posted best-ever quarterly revenue and margin numbers for its joint venture portfolio of Enlivant senior housing communities. Irvine, California-based Sabra in 2017 acquired a 49% stake in the Enlivant portfolio jointly owned with private equity […]
After three years of effort to reposition its leadership, investment strategy and portfolio, the time finally came for real estate investment trust HCP to take on a whole new identity. The company will be known as Healthpeak (NYSE: PEAK) going forward. “Today marks the beginning of a new chapter in our history,” CEO Tom Herzog […]
Irvine, California-based health care real estate investment trust HCP announced it is changing its name to Healthpeak Properties on Wednesday, along with several leadership changes. The new name will take effect immediately. The company is also changing its New York Stock Exchange ticker logo to PEAK. That change will take effect on Nov. 5. Healthpeak’s […]