Pricing power and demand indicate continued growth toward pre-Covid-19 senior housing margins for Ventas (NYSE: VTR), but with macroeconomic factors impacting the cost of operations, creating a timeline for that return is tricky. Still, leaders with the Chicago-based real estate investment trust (REIT) believe that the margin expansion seen in 3Q2022 is not a one-off […]
AlerisLife’s (Nasdaq: ALR) restructuring plan is well underway as the company continues to tighten and turn around its operations with its operating margins in mind. The restructuring plan, which is expected to be completed in mid-2023, is aimed at reducing general and administrative costs, enhancing accountability and better supporting the company’s employees, according to management. […]
CVS Health (NYSE: CVS) is exploring a range of strategic alternatives for long-term care pharmacy Omnicare that could include a sale, according to the company’s top leader. The retail and pharmacy giant recorded a pre-tax loss on assets held for sale of $2.5 billion to write down Omnicare. As such, CVS Health President and CEO […]
While it’s no secret that middle-market senior living is a vastly underserved market, newly released data shows how stark the situation is in the most populous state in the nation. The population of middle-income older adults in California is set to increase more than 60% by 2033, reaching 1.6 million people. Of that group, more […]
Arturo Polizzi is ProMedica’s new CEO. Polizzi, who came into the president role in May, is succeeding current CEO Randy Oostra, who is retiring Monday after 25 years with the senior housing and care organization, according to an announcement. Polizzi has worked with Oostra over the last six months to plan a smooth transition, according […]
LTC Properties (NYSE: LTC) is currently engaged in its most active year of investments in seven years, and leaders with the company are not done growing yet. The company has invested over $170 million in 2022, representing the highest level of investment since 2015, executives from the Westlake, California-based real estate investment trust (REIT) noted […]
In an ever-changing industry where financial challenges are numerous, some senior living operators are taking different and forward-thinking approaches to finding new and untapped ancillary revenue sources — and they are reaping the benefits. In the midst of rising costs and outside pressures eating into operators’ bottom lines, some are adopting pay structures that offer […]
Since becoming CEO of Pennant Group (Nasdaq: PNTG) in August 2022, Brent Guerisoli has been focused on one area above all else: leadership. “We don’t really see ourselves as a health care provider or a senior living provider only — we see ourselves as a world-class leadership organization,” Guerisoli said during a recent SHN+ TALKS […]
Senior living veteran Justin Dickinson is leaving his leadership post at Pathway to Living and rejoining former employer Anthology Senior Living to become the company’s president. With the leadership change, the senior living executive is rejoining his former employer, Anthology, which manages, develops, acquires and operates communities as an affiliate of Chicago-based real estate developer […]
Almost three-fourths of senior living residents in assisted living and memory care are living with behavioral health needs such as depression, anxiety and addiction. That was one eye-popping statistic from a study released last month by the National Investment Center for Seniors Housing & Care (NIC) and NORC at the University of Chicago. Independent living […]
