Last month brought news that non-traded REIT Healthcare Trust would transition 20 senior living communities managed by Cedarhurst Senior Living to other operators. This portfolio change is part of a comprehensive effort that Cedarhurst is undertaking, which involves new strategies and operational practices shaped by the challenges and disruptions of the last two years. “We […]
Sonida Senior Living (NYSE: SNDA) is on track to reach pre-pandemic occupancy levels in 2022 — but the company’s net operating margin is still lagging behind. With occupancy rates rising and other sales metrics trending positive and a major rebranding effort behind the company, Sonida CEO Kimberly Lody said 2021 was a transformational year. After […]
As many senior living operators have doubled down on growing their in-house recruiting capabilities, Pathway to Living took a different approach by outsourcing it entirely. Like much of the rest of the industry, the Chicago-based operator was facing high turnover rates in its 48 communities across the U.S. Not only that, the company was also […]
A luxury community owned and operated by Lifespace Communities is filing for Chapter 11 bankruptcy after encountering financial headwinds due to the Covid-19 pandemic. The Dallas, Texas-based continuing care retirement community (CCRC), Edgemere is currently negotiating with its financial stakeholders on a restructuring plan, according to an April 14 press release about the bankruptcy filing. […]
As the senior living labor pool continues to shrink, operators are finding ways to reinvent old tactics for attracting prospective employees and finding new ways to combat staffing issues. It’s no secret that operators are facing recruitment and retention issues amid a highly competitive labor market. The assisted living workforce contracted 6.7% between February 2020 […]
Senior living operators have been enacting changes in operations since the Covid-19 pandemic began, but some adaptations have been fleeting while others have proven longer-lasting. Recent conversations with several executives — including with large providers such as Brookdale, Frontier and Senior Lifestyle — highlight that operators now have committed to new practices across essentially every […]
Senior living stakeholders have pondered for years whether the industry is more hospitality or health care. In recent times, many have arrived at the same conclusion — it’s both. On the one hand, senior living residents are arriving in communities with more care needs than in the past, including in low-acuity settings such as independent […]
With more than 140 communities in its portfolio, Frontier Management is putting new construction on the back burner and focusing on controlling expenses in 2022. That’s not to say the company doesn’t have some new communities on the way, and CEO Greg Roderick told Senior Housing News that Frontier expects to break ground on five […]
Cogir Management USA is in growth mode, undertaking its first ground-up development project and also acquiring new buildings, all while enhancing and highlighting its approach to care. In fact, CEO David Eskenazy believes that one positive legacy of the Covid-19 pandemic is that providers are no longer trying to hide their health care capabilities from […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier believes the company is on track to make big gains in occupancy and revenue in 2022 despite facing historic labor headwinds. With occupancy increasing, a portfolio of 679 communities she feels “really good about,” and a plan to grow resident rates in 2022, Baier is much more […]
