While senior living operators still have many short-term challenges to contend with, what they do between now and 2026 may well set the stage for the industry’s next decade to come. Argentum CEO James Balda sees the industry at an inflection point between the Covid-19 pandemic and the looming opportunities of the near-future. On the […]
Category: Management
Operator WellAge Senior Living is set to expand as part of a new merger between its sister company Vivage Senior Living; and primarily skilled nursing operator Beecan Health Colorado. The deal linking Vivage and Beecan is bringing together 42 communities; five of which are assisted living communities. WellAge is slated to manage those five communities […]
Since 2020 the senior living industry has talked about returning to pre-pandemic margins and occupancy — but Welltower CEO Shankh Mitra does not want that to be the company’s end goal. Although the pre-pandemic operating margin for Welltower’s SHO portfolio was roughly 30.8%, Mitra said he would be dismayed if the company stops there. “If […]
Welltower (NYSE: WELL) has named a veteran of the multifamily world to a strategic advisor role related to its plan to self-manage independent living units and announced a new partnership and senior living brand with an operating partner. The Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday the appointment of Jerry Davis, a […]
After a “tricky” time in 2022, English Meadows is putting the pieces together on several initiatives that in piecemeal will help accelerate the company’s growth and evolution in the year ahead. This year, the Christiansburg, Virginia-based operator plans to focus on stabilizing recently-acquired managed properties, opening new communities and identifying future properties to potentially acquire. […]
The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]
Senior living operators exploring active adult have openly wondered whether the product type could supplant independent living on the care continuum. The answer to that question is yes — at least in some circumstances, according to Liberty Senior Living President Will Purvis. To Purvis, residents at certain active adult communities may choose to age in […]
Senior Lifestyle is engaged in a period of reinvention as the company pivots from the challenges of the last three years and into a new era for senior living operations. That’s according to Jon DeLuca, President and CEO of the Chicago-based operator, who thinks now is the perfect time to look inward and “refocus where […]
Bickford Senior Living is all-in on pushing the industry further toward value based care. The Olathe, Kansas-based company has spent the last nine months building out a new “Higher Path” care model that aims to coordinate various health care services across its network of 60 communities in nine states, according to President Andy Eby. Instead […]
When it comes to margins, the little things matter. Arrow Senior Living CEO Stephanie Harris has seen this play out firsthand in the St. Louis-based company’s portfolio of 29 communities. In 2023, Harris and the other leaders at Arrow are laser-focused on certain metrics that, in piecemeal, could make a significant difference in the company’s […]
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