For the first time in a long time, I am hearing general optimism about the senior living labor market. Owners and operators have expressed this optimism in conversations I had at the ASHA conference, in recent presentations from public companies, and in reporting that we’ve done for Senior Housing News stories. Some of the momentum […]
Category: Management
Luxury wellness and lifestyle brand Canyon Ranch is once again in the senior housing mix,with the Tuesday announcement of the company’s CEO being named to the Sunrise Senior Living Board of Directors. Canyon Ranch CEO Jeff Kuster was installed on the board as Julie Dobson, who has been on the board since 2018, was named […]
Senior living sales enablement firm Sherpa has hired market data expert Lana Peck with the goal of broadening its research and analytics services. The St. Louis-based company on Monday announced Peck is joining as vice president of research and analytics. Peck previously spent six years at the National Investment Centers on Seniors Housing (NIC) as […]
The small-home senior living trend is on the rise — and the leader of one Denver-based operator says his company may have “cracked the code” for scaling up the product type. That’s according to Dave Lewis, founder and CEO of Rocky Mountain Assisted Living, a senior living owner and operator with a portfolio of 14 […]
Many factors are compelling senior living providers to organize their operations around promoting and extending residents’ wellness, with shifting payment models among the most important drivers of this trend. At the forefront of this shift are providers like Juniper Communities and Lifespark. The two firms are taking different approaches to arrive at the same goal: improving […]
A new senior living operator with communities in the Midwest and Southeast has launched, and it’s being led by a recent graduate of USC’s Senior Living Hospitality program. While the Dallas-based operator, Empower Living, is still relatively small with just two communities in Texas and Georgia and a link to another in Missouri, the company […]
Inflation is an industry-wide problem — Brookdale Senior Living (NYSE: BKD), for example, has watched food prices climb at a rate in the “high teens,” and the company expects a rise in utility costs ahead, according to CEO Cindy Baier. But as big of a challenge as record inflation is, Baier is confident that the […]
As occupancy stabilizes across Ventas’ (NYSE: VTR) senior living portfolio, the company’s management team is confident its operating margin will steadily grow in the next 18 months and beyond. Currently, the company’s operating margin lies in the “low 20s” with a senior housing operating portfolio (SHOP) occupancy rate of 83%, according to Ventas Executive Vice […]
Last week, Senior Housing News was thrilled to convene a tremendous group of industry leaders and visionaries at our WELLNESS/DISHED event in Orlando. “The … meeting sparked some of the best discussions I’ve been part of this year on how we can improve and better support the physical, social, mental, and overall wellness of those […]
The Pennant Group (NASDAQ: PNTG) named current president Brent Guerisoli as CEO, succeeding outgoing leader Daniel Walker effective Aug. 1, according to a news release issued Tuesday. Since joining Pennant in 2012, Guerisoli directed growth efforts across several states and played a role in overall leadership recruiting, development and training. He most recently led a […]
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