After $100M Raise, EmpowerMe Debuts First-Of-Its-Kind Lab to Elevate Senior Living Care

Having raised $100 million since 2021, EmpowerMe Wellness marked another milestone on Tuesday, cutting the ribbon on a diagnostics laboratory that can expedite blood test results for senior living residents within 24 to 48 hours. To create the lab, EmpowerMe transformed a CrossFit studio adjacent to its corporate headquarters near St. Louis, in Brentwood, Missouri. […]

NHI, Welltower Reach Agreement in Suit Over Legacy Holiday Portfolio

National Health Investors (NYSE: NHI) has reached a memorandum of understanding with  Welltower (NYSE: WELL) over litigation filed late last year. NHI in December filed a lawsuit in the Delaware Court of Chancery against Welltower and certain of its subsidiaries. The Murfreesboro, Tennessee-based company initially alleged that Toledo, Ohio-based Welltower did not honor certain legal […]

Welltower Plans UPREIT Reorganization to Aid Property Acquisitions

Real estate investment trust Welltower (NYSE: WELL) is undertaking a reorganizational move meant to improve the company’s ability to buy properties in tax-deferred structures. The company is proposing to reorganize as an umbrella partnership real estate investment trust, or UPREIT. Under the arrangement, Toledo, Ohio-based Welltower is forming a publicly traded parent company also called […]

Activist Shareholder Land & Buildings Nominates Founder Litt to Ventas Board

Activist shareholder Land & Buildings has nominated founder and chief investment officer Jonathan Litt to Ventas’ (NYSE: VTR) board of directors.  The company announced it had nominated two candidates, founder and CIO Jonathan Litt and Michelle Applebaum, to stand for election to join the board at Ventas’ 2022 annual meeting. The Stamford, Connecticut-based real estate […]

Rise of Robots: Workforce, Covid Pressures Lead to Bolder Tech Investment in Senior Living

The Covid-19 pandemic is still putting pressure on every facet of senior living operators, particularly as it relates to staffing, occupancy, and expenses. Technology is helping to fill the gap. Across the industry, senior living operators are exploring robotics and software systems aimed at boosting efficiency and helping workers spend more time with residents. Operators […]

Healthcare Trust Transfers 20 Cedarhurst Communities to Jaybird Senior Living, Senior Lifestyle

Healthcare Trust, Inc. (HTI) has transitioned operations of 20 senior living communities formerly managed by Cedarhurst Senior Living to Senior Lifestyle and Jaybird Senior Living. The public non-traded real estate investment trust (REIT) on Wednesday announced it has moved operations of 13 Addington Place branded communities in Georgia, Michigan and Florida to Chicago-based Senior Lifestyle […]

CLC CEO: Middle-Market Strategy, Medicare Advantage Growth Drive Innovation In Tough Operating Environment

Senior living providers are facing intense operational and financial challenges — but they must not let these pressures distract them from innovating for the future. That’s according to Jill Vitale-Aussem, president and CEO of Christian Living Communities (CLC) and Cappella Management. “We’re concerned about staffing, we’re concerned about wage escalation, we’re concerned about inflation,” she […]

Discovery Senior Living Realigns Long-Standing Discovery Village Portfolio to Deepen Experiential Living Focus

Discovery Senior Living has begun a strategic realignment of its Discovery Village brand portfolio and tapped Cindy Crowley as its second-ever national brand manager. Though the entire Discovery Village portfolio includes 17 communities in Florida, Georgia, Virginia and Texas, the move will initially affect four flagship Discovery Village communities in Boynton Beach, Naples, Fort Myers […]