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. […]
Category: Management
It is sometimes said that the senior living industry is a decade or two behind the multifamily industry — but Welltower COO John Burkart believes you can turn back the clock even further and still compare the two. “[Welltower CEO Shankh Mitra], when I originally spoke with him, he said, ‘it’s kind of like 20 […]
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 […]
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 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 […]
The senior living labor crisis will only be solved if providers take steps to create the “health care worker of the future.” That’s according to Jim Coughlin, Co-Founder and CEO of The Northbridge Companies. “We thought we were self-aware of what was important, but Covid really exposed it all — we thought we were doing […]
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, 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 […]
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 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 […]