This article is available as part of your SHN+ membership With active adult on one side and assisted living on the other, independent living operators have sometimes struggled to define their value proposition to residents. That issue is fresh on the mind of Priority Life Care CEO Sevy Petras. Last summer, real estate investment trust […]
Sonida Senior Living (NYSE: SNDA) has announced a $47.75 million private equity raise to fund a purchase of debt while fueling capital investment within its existing portfolio. The sum includes investment from its largest shareholder, Conversant Capital. Sonida will use the new capital to complete its balance sheet repositioning while continuing enhancements across its portfolio […]
Charter Senior Living is growing its presence in the New England area by taking on management of six communities formerly managed by Leisure Care, according to Charter COO and President Jayne Sallerson. The communities now managed by Charter Senior Living offer a range of services from independent living to assisted living and memory care and […]
Presbyterian Homes and Services (PHS) President and CEO Dan Lindh has announced his retirement after nearly fifty years with the organization, the company announced on Monday. This sets in motion a leadership transition and search for a CEO that the PHS board of directors believes will be wrapped up in spring 2025. In the meantime, […]
The middle-market senior living opportunity is “huge” thanks to demographic shifts, new payment sources becoming available and a wave of distressed properties. That was the consensus of panelists from a National Investment Center for Seniors Housing and Care (NIC) webinar hosted Feb. 1. For one, the pool of middle-income older adults is growing. By 2033, […]
Senior living operators are getting serious about data collection and the middle-market, all while they are redefining operations for a new generation of residents. That’s not to say the industry is only now starting to talk about these topics – for years, I have spoken with senior living leaders who have said that these are […]
This article is available as part of your SHN+ membership The previous year was one of improvement and bolstering weak points for Vitality Living. With a stronger platform in place, the company is looking to further grow in 2024. The senior living operator grew from seven properties to 30 over the last five years. A […]
Senior living providers must innovate to make working at their communities a “desirable job” while simultaneously working through a tough capital environment to continue growth and margin expansion. That’s according to Lument Managing Director Casey Moore in reference to a recent survey from Senior Housing News and Lument. The 2024 Senior Living Outlook Survey and […]
Chelsea Senior Living is taking a new approach to growth with a focus on third-party management opportunities. CEO and Founder Herb Heflich and President and COO Roger Bernier said in a recent interview with Senior Housing News that the company chose to pursue third-party management contracts given elevated interest rates and construction costs for new […]
Closer collaboration between the government and private-pay senior living operators are needed to maintain assisted living quality and affordability in the years to come. That’s according to Gardant Management Solutions Co-president and COO Julie Simpkins, who spoke Thursday at a U.S. Senate hearing spurred by the Washington Post’s series of articles highlighting elopements and staffing […]
