Assisted Living, Memory Care Operators Have ‘Distinct Advantage’ to Increase Penetration Rates

The continuum of care in senior living is driving evolution of the industry’s basic penetration rates – and operators of assisted living and memory care communities may be better positioned to increase them. That’s according to a recent analysis of senior living penetration rates from the National Investment Center for Seniors Housing and Care (NIC). […]

Atlas Senior Living Pivots to Acquisition Growth Strategy While Development Remains Challenging

This article is part of your SHN+ membership Atlas Senior Living continues to grow its portfolio through new development, but future growth could be concentrated on value-add acquisitions, according to Atlas President and COO Wyman Hamilton. Last year, Hamilton said Atlas – along with the wider industry – took part in a “solid year” of […]

Nearly Three-Quarters of Senior Housing Workers Face Medium, High Levels of ‘Toxic Stress’

Nearly three-quarters of frontline workers in senior housing and care communities face intermediate to high levels of toxic stress between prior traumas and the current working environment. That’s according to a new survey conducted by digital labor marketplace Kare in collaboration with the National Association of Health Care Assistants (NAHCA). The analysis was based on […]

Senior Living Operators Pivot from Resident Rates to Ancillary Services to Boost Revenue

Senior living operators have relied on resident rate increases to recoup margins lost over the last four years, but the days of pushing steep increases onto consumers is coming to a close. Instead of pushing through big rate increases, providers are expanding ancillary service offerings in ways that include launching affiliated businesses and standing up […]

Sonida Seeks Growth in 2024 With New Slate of Acquisitions Underway

Sonida Senior Living (NYSE: SNDA) has “significant momentum” heading into the remainder of this year with a focus on growth, CEO Brandon Ribar told investors during a first quarter earnings call on Friday. Moving into the second quarter, Ribar said the Dallas, Texas-based owner-operator and investment company is continuing to pursue new growth this year […]

After Rebranding Last Year, Ciel Senior Living Turns to Growth, Staffing

After a rebranding in September 2023, Ciel Senior Living is moving forward with strategic growth plans, including  acquisitions and future development. The Winter Park, Florida-based operator which rebranded from Park Avenue Lifestyle, has a portfolio of 11 communities under management agreement along with a handful of joint venture agreements for land to be developed into […]

Distinctive Living Acquires Validus Senior Living

Fast-growing senior living operator and developer Distinctive Living has acquired Validus Senior Living Management, according to a joint company announcement. Distinctive Living will continue to be led by Distinctive Healthcare CEO Joe Jedlowski, with the organization now managing 10 of the Inspired Living communities from Validus in three states, along with other Validus communities, according […]

Merrill Gardens Finds ‘Equilibrium’ at 65 Communities, With Renewed Focus on Data in Operations

To Merrill Gardens President Tana Gall, senior living recruiting is a holistic effort that extends into everyday life. After Bed Bath and Beyond announced brick-and-mortar store closings last year, Gall went into her favorite location with business cards in hand and talked to staff about coming to work at Merrill Gardens communities. “We hire for […]