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 […]
At a time when the senior living industry still faces much uncertainty, Brookdale Senior Living (NYSE: BKD) executives are bold and bullish in their outlook for 2022. The Brentwood, Tennessee-based provider last week issued its first annual guidance since the start of the Covid-19 pandemic. Brookdale’s FY22 adjusted EBITDA expectations of $240 million to $260 […]
Leaders with Welltower (NYSE: WELL) are optimistic that steep senior housing labor expenses will moderate while strong demand will continue in 2022, driving a recovery after nearly two years of pandemic-related challenges. “The labor disruption has been much greater than the demand disruption, particularly over the last two waves [of Covid-19], and omicron was a […]
Uber recently hired its first chief medical officer to lead the expanding Uber Health division, tapping a geriatrician with a background in “designing clinical programs for older adults and vulnerable populations.” Senior living providers should understand what the hiring of Dr. Mike Cantor as CMO means about the aspirations of Uber Health, and what it […]
Jaybird Senior Living has more than tripled in size since 2019, but it has achieved this largely under the radar. Today the company’s portfolio includes 75 communities in the Midwest – far higher than the number of communities the Cedar Rapids, Iowa-based company had even a few years ago. And the company isn’t done growing, […]
Presbyterian Senior Living CEO Jim Bernardo is leaving his post at the end of the year to retire after spending 37 years with the organization in various roles. With Bernardo’s retirement on the calendar, the Dillsburg, Pennsylvania-based organization’s board of trustees has convened a special committee to plan for the transition. Presbyterian Senior Living (PSL) […]
The many pressures of Covid-19 didn’t put a halt to salary increases for long-term care executives in 2021. Long-term care facilities — a term referring to companies that own or operate multiple nursing homes, CCRCs and senior living communities — reported an average salary increase of 2.67% for corporate positions last year, according to The […]
