Long-established Beehive, home care mainstay BrightStar and newcomer Majestic offer different franchise models It isn’t a boom yet, but interest in franchise ownership of senior living properties has grown recently, and this model shows signs of becoming more prevalent as baby boomer demand gains strength in the coming years. Franchise-based senior living already was gaining […]
Brightview Senior Living has been the top workplace in senior living the past two years. Now it is recognized as one of the best workplaces in the country. The Baltimore-based operator earned a spot on Fortune’s 2021 “100 Best Companies to Work For” list, ranking 92nd and placing it in conversation with the likes Cisco, […]
Covid-19 exacerbated an already tough hiring environment for senior living providers over the past year. Now, as the industry nears a post-pandemic environment, it is uncertain if providers will be able to recruit available workers — a challenge that may become harder if hospitality and other industries hard hit by Covid-19 experience quick rebounds. Sign […]
Diversified Healthcare Trust (Nasdaq: DHC) has struck an agreement with Five Star Senior Living (NYSE: FVE) to transition 108 senior living communities to other operators by the end of 2021. The senior living operator will also close and reposition the skilled nursing units in all of the continuing care retirement communities (CCRCs) it manages for […]
As the baby boomer generation ages, a vast number of middle-income older adults will be entering the market for senior housing and care — and they will find few affordable options, unless the current status quo changes. “The challenges that face our current care system are quite varied and vexing, and the public and private […]
There is a growing mental health crisis facing frontline health care workers, including those in senior living. That’s reflected in a new survey conducted by the Kaiser Family Foundation and the Washington Post. One out of every six respondents reported contracting Covid-19, with nursing homes and assisted living facilities the most frequent settings for positive […]
Demand in the senior housing industry has withstood the pressures of Covid-19, and if current trends are any indication, the U.S. economy is ready to heat up, according to Debra Cafaro, chairman and CEO of Ventas (NYSE: VTR). “I think we are poised for a breakout to the upside in the economy,” Cafaro said Tuesday […]
Welltower (NYSE: WELL) has seen three consecutive weeks of occupancy gains in its U.S. and U.K. senior housing operating (SHO) portfolios, and is expecting to achieve the top end of its guidance range for Q1 2021 normalized funds from operations (FFO). The news reflects positive momentum for a large swath of senior living communities, given […]
With senior living occupancy lower than he’s ever seen it due to Covid-19, National Health Investors (NYSE: NHI) President and CEO Eric Mendelsohn has had to become a more empathetic leader — while still safeguarding NHI’s business and securing its future But Mendelsohn is feeling more optimistic than he was during the last earnings call […]
“If we could have gotten out of December, we would have been largely unscathed.” Those are the words of The Springs Living Founder and CEO Fee Stubblefield, and they reflect what he said was the roughest month for the provider in the nearly 14-month fight against the coronavirus pandemic. December was the peak of the […]