The Pennant Group (Nasdaq: PNTG) is going through changes in the C-suite. The Eagle, Idaho-based senior living, home health and hospice provider is seeking a new CFO, while its chief investment officer (CIO) is stepping down. Pennant’s independent operating subsidiaries include 49 senior living communities and 94 home health and hospice agencies. Current CFO Jennifer […]
Category: Management
Sanford Health, the parent organization behind senior living operator Evangelical Lutheran Good Samaritan Society; and Fairview Health which has Ebenezer under its umbrella, are seeking to join forces. The two organizations have signed a non-binding letter of intent to join forces and create a new health system in the process. The nonprofits plan to remain […]
Discovery Senior Living is catering to the evolving preferences of the incoming baby boomer generation with a new brand of experience-focused communities called Choreograph. As planned, Choreograph communities will focus on experiences it can curate for residents. For example, the Bonita Springs, Florida-based company is opening a new community near the University of Florida in […]
Distinctive Living was only founded two years ago, but CEO Joe Jedlowski has in that time grown the company to 26 communities in seven states. Persistent labor pressures and other headwinds complicated the company’s overall strategy this year. But after a year in flux in 2022, Jedlowski has his sights set on even more growth […]
New strategic pillars and an “aggressive” focus on margins will help guide Sonida Senior Living’s (NYSE: SNDA) operations in 2023, executives said during the operator’s third quarter earnings call Monday. Specifically, Sonida Senior Living CEO and President Brandon Ribar said the company will focus on three main areas in the coming year: Developing strong local […]
Sunrise Senior Living CEO Jack Callison announced a new vision statement for the company earlier this week, and it’s already being put into practice by teams on the ground. Callison’s vision statement: to ‘create a preferred lifestyle for enjoying a longer, healthier, happier life.’ To get there, Sunrise is already making steps to provide residents […]
Sunrise Senior Living has a new vision statement. After taking the CEO role in 2021, Jack Callison embarked on a listening tour of Sunrise communities. Early on, Callison said he saw the company’s strong institutional culture and the quality of care being provided by Sunrise frontline staff through being a premium price point operator with […]
Aegis Living is focused on its next stage of company growth, unveiling an affiliate development company known as Aegis Development LLC. The new company will provide development consulting services to the senior housing industry, with Aegis Living Founder and CEO Dwayne Clark telling Senior Housing News he wants the company to be going after “six- […]
Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]
Leaders with Brookdale Senior Living (NYSE: BKD) see the operator on the cusp of a “supercycle” that will see its occupancy and rate growth pick up momentum in 2023. After single-digit rent increases in 2022, the nation’s largest senior living operator is gearing up to raise resident rates more than 10% in 2023 at “significant […]
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