After a difficult 2020 and 2021, the senior living industry seemed to hit its stride in 2022. With occupancy on the rise and a demand wave on the horizon in the form of the baby boomers, 2023 is shaping up to be a crucial year for growth and evolution. That said, the industry has many […]
The dark clouds may be parting for the senior living labor market, but persistent pain points are causing operators to temper their enthusiasm regarding 2023. “I’m going to surprise people,” Discovery Senior Living CEO Richard Hutchinson said on stage at the 2022 Senior Housing News BUILD conference in Chicago last month. “I actually like our […]
With margins under pressure, occupancy still in need of boosting and chatter of an uncertain economy ahead, 2023 is shaping up to be a pivotal year for senior living sales. Few know that better than LCS Chief Marketing Officer Rick Westermann, who leads sales and marketing for the Des Moines, Iowa-based senior living company. For […]
Senior living companies — and other providers serving older adults — must raise their games to succeed within a new health care paradigm, as payers and consumers demand a more integrated continuum. “We all have to compete, and we all have to play harder,” Dwight Brown, CEO of Homebase Medical, said last week at Aging […]
Brightview Senior Living has raised $202 million from private equity investors to help fund the company’s next development phase. The Baltimore-based operator’s most recent fund — the eighth in its history — will fuel the construction of eight or nine new senior living communities in the eastern U.S. over the next three years, Brightview Chief […]
The senior living industry can support more ultra-luxury senior living communities — a lot more, according to Galerie Living Founder and CEO Tim Gary. “I promise you, there is a market for ultra-luxury in every major city in this country,” Gary said during a recent appearance on SHN+ TALKS. “We should be developing as fast […]
Hospital systems across the United States are pursuing strategy shifts that are starting to reshape senior living market dynamics and suggest new operating models. Health system ProMedica shed nearly all of its skilled nursing facilities while holding onto its private-pay memory care portfolio, in a recently announced deal involving Welltower (NYSE: WELL). And about two […]
By Amy Stulick CareTrust REIT (NYSE: CTRE) on Monday announced a change in leadership, with James Callister stepping into the role as chief investment officer at the end of the year. Current Chief Investment Officer Mark Lamb is stepping down to pursue entrepreneurial opportunities, the company shared in its news release. Callister, who currently serves […]
The Springs Living CEO Fee Stubblefield sees a tough year ahead for senior living development fraught with new and old headwinds. Even so, he is moving forward with new projects and initiatives that will help shape the company’s future. Chief among those is a $230 million community underway in Vancouver, Washington, that Stubblefield believes represents […]
The senior living industry has a diversity problem. A recently released report from a coalition made up of Argentum, ASHA and NIC helps quantify where the industry stands on diversity, equity, inclusion and belonging (DEIB). The report shows how much work is left to be done but also says the industry is “starting from a […]
