Senior living operators across the country are preparing residents for some of the most aggressive rate increases in industry history, as providers stare down another year beset with higher costs and labor pressures. In the current environment, increasing resident rates often has little to no impact on recovering margin lost during the Covid-19 pandemic. Instead, […]
The senior living labor crunch has hit the industry hard in 2022 — but a new National Investment Center for Seniors Housing & Care (NIC) survey shows a possible “glimmer of relief” for operators in that regard. A little fewer than 10% of respondents to the most recent NIC Executive Insights Survey reported “severe” staffing […]
In the last month, a number of reports have provided data points that shed light on what the future holds for senior living. These reports have included an update on the middle market opportunity, a definition of the active adult rental sector, a breakdown of health conditions and spending among residents, a deep-dive into memory […]
The senior living industry is in a truly new era, and operators can either adapt and help shape it or risk falling behind. That is how Senior Star CEO Anja Rogers sees the future, and she is busy preparing the company for its coming growth and evolution through that lens. As she looks ahead, she […]
A new Koelsch Senior Communities project underway in the Vancouver, Washington area is sending senior living residents back to college — or, at least close by. The project, University Village, is located less than a mile from the Washington State University’s Vancouver campus and just blocks away from a regional hospital. . As planned, the […]
Philip Benjamson is the new senior VP and chief operating officer for AlerisLife (Nasdaq: ALR), the senior living operator announced today. Benjamson comes to AlerisLife with 25 years in the senior living industry under his belt, including two stints as a COO — first with Blake Management Group from 2016 to 2018 and then again […]
The term “quiet quitting” might not mean the same thing in senior living as it does in the corporate world, but that doesn’t mean that some operators aren’t devoting time and resources preparing for it. Quiet quitting, which first became popular through the video-sharing social media platform TikTok, refers to the practice of doing no […]
In 2018, Discovery Senior Living CEO Richard Hutchinson had a vision for the future of the company — and for the industry. Four years later, he is executing on that vision with major plans underway and new partners in tow. On Wednesday, the company announced a new recapitalization with Coastwood Senior Housing Partners and Lee […]
Lee Equity Partners and Coastwood Senior Housing Partners have agreed to make a major investment in a recapitalization of Discovery Senior Living, one of the nation’s largest operators. The Oct. 2 transaction, which was announced Wednesday, is part of a new venture to support the expansion of Discovery Senior Living’s national portfolio. Discovery did not […]
Raymond Braun is set to take over as president and CEO of The National Investment Center for Seniors Housing and Care (NIC), succeeding current president and CEO Brian Jurutka, the organization announced, on Wednesday. Braun, a former board member and previous NIC chairperson, most recently was dean of the Allen W. and Carol M. Schmidthorst […]
