In recent years, Ryan Companies has been among the most active developers of senior living communities. And looking ahead, the company is deepening its focus on active adult. The Minneapolis-based development, architecture and construction company is actively pursuing active adult projects across the country through strategic partnerships, according to Julie Ferguson, executive vice president of […]
Senior living company LCS now has a new president following the promotion of Executive Vice President and Chief Operating Officer Chris Bird, the company announced on Tuesday. Bird, who has over 25 years of senior living experience, began in the new role on Oct. 1 with the start of the fourth quarter of 2022. He […]
Rising interest rates and continued expense pressures are complicating the future visibility of Welltower’s (NYSE: WELL) fourth quarter earnings. Welltower management noted in a business update Tuesday that the company’s expected fourth-quarter 2022 funds from operations (FFO) per share are expected to see a new headwind of roughly three cents per diluted share headwind as […]
Brenda Connelly and Erin Shvetzoff Hennessey have dedicated nearly their whole lives to senior living and care, and they both believe the sector has reached an inflection point. “We’re just entering a reinvention stage,” Connelly told Senior Housing News at the recent National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. […]
Brightview Senior Living CEO Marilynn Duker is stepping back from her role and President Doug Dollenberg is taking the reins under a leadership transition years in the making. With the move, Duker is moving into a co-chairperson role. She will work along with Arnie Richman, who led the original effort to found Brightview Senior Living […]
The benefits of using senior living technology are clear at this point in 2022. What is not as clear is how operators will pay for it, pilot it or benchmark their progress. Take senior living operator HumanGood, for example. The company a few years ago began examining how its technology is deployed and selecting technology. […]
At the start of 2022, I argued that senior living industry giants were facing a defining year. As we enter the fourth quarter, I anticipate that there are some big moves still to come from some of the largest operators in the sector — driven by new leaders at some companies, and driven at other […]
Repositioning is not a new trend in the senior living industry, but it is one that could gain momentum in the latter part of 2022 and into 2023. There are a few reasons why. The U.S. Federal Reserve has made several recent rate increases with potentially more on the way, which, in combination with rising […]
It’s been a big six months for Chicago-based senior living operator Vi. The company earlier this year announced that longtime president Randy Richardson was retiring in May, and that CFO Gary Smith was stepping in to lead the company as president. In the half-year that followed, the operator put some plans into motion while pushing […]
Sonida Senior Living (NYSE: SNDA) has a new CEO, and a new focus as the company looks to the latter part of 2022. Brandon Ribar took the reins earlier this month with the departure of former CEO Kim Lody. And as he looks ahead, he is focused on three major areas: maintaining and improving the […]
