Belmont Village CEO Patricia Will begins 2023 “wildly optimistic” about the industry’s prospects. “We’re at the cusp of some changes in the industry that I think bode well in addition to the demand curve we’ve all been waiting for,” Will said during the recent 2023 Outlook webinar hosted by Senior Housing News. And she is […]
Margin compression is forcing senior living providers to reconsider some of the most fundamental aspects of the traditional operating model. This was one takeaway from the American Seniors Housing Association (ASHA) conference that took place earlier this week in Scottsdale, Arizona. Covid-related margin pressure has been exacerbated by cost inflation and staffing pressures. After two […]
In the long-term, senior living leaders are optimistic about the industry’s prospects. But they see plenty of challenges left to conquer in the short-term relating to staffing and other top industry issues. Those were the findings of the latest Senior Living Industry Outlook from Senior Housing News in partnership with Lument. The survey, released this […]
Supply chain issues are still causing significant pain in the senior living industry, and while many executives believe those challenges will improve in the first half of 2023, others see relief further down the road. In the meantime, operators are taking action to improve their strategies by increasing the number of suppliers they use, adding […]
Ventas (NYSE: VTR) has named senior living industry veteran Justin Hutchens to the role of chief investment officer (CIO), expanding his role with the real estate investment trust. The Chicago-based REIT on Monday announced it had combined Hutchens’ executive vice president role with the CIO position, a move that tasks the leader with overseeing the […]
Diversified Healthcare Trust (Nasdaq: DHC) has received a warning from the Nasdaq Stock Market to boost its stock price above $1 per share or face delisting from the index. That’s according to a Jan. 23 public filing from the Newton, Massachusetts-based real estate investment trust (REIT). As is standard when companies face delisting warnings, the […]
So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]
Brookdale Senior Living CFO Steve Swain and Executive Vice President of Operations Kevin Bowman are leaving the company. Brookdale leadership also announced changes to its full-year 2022 earnings expectations, with earnings likely to come in “modestly below guidance.” The leadership changes are one step toward better aligning expenses with revenue, CEO Cindy Baier said in […]
It was the middle of the night and Priority Life Care CEO Severine Petras couldn’t sleep. With a pandemic still fresh on her mind, she found herself in a deep-dive into her company’s social media presence. She would often notice an out-of-place detail, like a mask not being worn correctly or an awkward photobomb in […]
While labor challenges have plagued senior living operators more severely during the Covid-19 pandemic, there could be light at the end of the tunnel for some as positives emerge. While staffing still makes up the largest part of the company’s budget, labor pressures are beginning to ease due to reduced agency staffing costs and overtime […]
