By Lynne Katzmann In the last several weeks, I have attended birthday celebrations for both a 102- and 106-year-old resident. So while people may be coming to senior living later, many will live longer. In fact, a recent study released by the Stanford Center on Longevity states that 50% of today’s 5-year-olds are likely to […]
By the end of the month, Discovery Senior Living will span 110 communities in 18 states, making it among the largest senior living providers in the United States. And the Bonita Springs, Florida-based company’s growth doesn’t end there. In 2022, Discovery plans to build on its national and regional identities across the country; and in […]
Length of stay has long been a top focus for senior living operators — and never more so than today, as they seek to reverse trends caused by the Covid-19 pandemic. In the years leading up to the pandemic, average length of stay in assisted living was thought to be about 22 months, according to […]
Senior housing occupancy rose to 81% in the fourth quarter of 2021, an increase of one percentage point, marking the second consecutive quarter of occupancy growth. That’s according to quarterly NIC MAP Vision data released Thursday. The increase is 2.3 points higher than the pandemic low point of 78.7%. “This report was really bullish, encouraging, […]
“In 2022, this will continue to be the key priority for industry leaders: how do we continue to grow and evolve our business lines, which are strategic imperatives, in the face of day-to-day operational issues related to staffing? We need to be nimble enough to react quickly to all the changes coming at us with […]
Aegis Living has promoted Chief People Officer Sandra Preyale to the role of president and Regional Vice President Howard Jacobs to the role of COO. Aegis also promoted Lee Kaufmann to the role of senior vice president of human resources. The moves are intended to help support the company’s business growth in the coming year, […]
Last year, the expansion of regional senior living operators generated a lot of headlines. But heading into 2022, I’m most interested in how the year will unfold for several of the largest national providers. In fact, I believe that 2022 could be a defining year for a number of industry behemoths, and many of the […]
“During 2021, it felt like the ‘Covid-19 finish line’ kept being moved further away. I don’t think we’ll see a world without Covid-19 soon, but I think our industry is armed with the knowledge and experience to help enrich seniors’ lives better than ever.” Brookdale Senior Living CEO Cindy Baier’s words ring true for nearly […]
Having kicked off the new year by completing a recapitalization, LCS is pursuing growth in 2022 and beyond, including by expanding its real estate development services business. That is the message from Joel Nelson, president and CEO of the Des Moines, Iowa-based company. LCS is the second-largest senior living operator in the United States, with […]
Discovery Senior Living and White Oak Healthcare REIT have acquired a 10-building portfolio, which will be operated by Discovery as part of the provider’s strategy of expanding through the creation of largely independent regional management companies. The sale, coming in at more than $100 million, includes communities in Louisiana, Mississippi and South Carolina and contains […]
