Facing historic labor pressures, some senior living operators are turning their focus on improving working conditions as a way to recruit and retain workers. A recent survey by the National Investment Center for Seniors Housing & Care (NIC) showed that attracting and retaining staff is the most significant challenge operators face in 2022. In the […]
A not-for-profit senior living operator with nine senior living communities Texas is filing for liquidation through Chapter 7 bankruptcy. The operator, Glen Hope Harbor — which exists under the umbrella of Texas nonprofit The Emmaus Calling — owns nine assisted living and memory care communities totaling 144 units under the name Autumn Grove Cottages in […]
MBK Senior Living’s growth has historically been through acquisitions — and that is still the company’s modus operandi in 2022. In fact, the company plans to acquire four to six properties in its next fiscal year, which begins on April 1. However, doing so won’t always be easy, according to MBK President Jeff Fischer. MBK […]
Vi President Randy Richardson is retiring at the end of May, and CFO Gary Smith is stepping in to lead the operator as president. Richardson, who will have been with Vi for 22 years in April, will continue to work with the Chicago-based operator through the end of the year on an advisory basis in […]
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. […]
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 […]
