With an occupancy recovery underway and the prospect of favorable demographics around the corner, Atria Senior Living CEO John Moore believes that now is the time to evolve senior living offerings and build for the future — despite a challenging operating environment and some development headwinds. Atria recently has taken some decisive steps toward building […]
In the teeth of the Covid-19 pandemic last year, ALG Senior made some big shifts, going to a more decentralized operating model while at the same time changing the company name. But in the midst of these changes and others wrought by the pandemic, the Hickory, North Carolina-based provider remained committed to clinical innovation, according […]
After forging a partnership with Welltower (NYSE: WELL) in 2019, Balfour Senior Living CEO Michael Schonbrun spoke of plans to expand the portfolio — including by bringing the company’s high-end model to the East Coast for the first time. Despite the unexpected challenges posed by Covid-19, work on the development pipeline moved forward, and details […]
Consumers shopping online are encountering “out of stock” messages far more frequently, automakers and retailers are curtailing holiday advertising due to product shortages, and headlines warn of a Thanksgiving without turkeys. Snarled and disrupted global supply chains are a major factor behind all these issues, and senior living providers are feeling the effects of these […]
Invesque (TSE: IVQ.U) has taken further steps toward accomplishing its long-term portfolio plan of shifting toward private-pay senior living and away from skilled nursing. Approximately 35% of its current pro forma net operating income (NOI) comes from skilled nursing, executives with Invesque said Thursday on the company’s Q3 2021 earnings call. That’s a drop from […]
The NexCore Group named Phillip Barklow President of Experience Senior Living earlier this week. Barklow has spent more than 25 years in the senior living space, including with national operators Balfour Senior Living and Atria Senior Living. His most recent role was as COO for Balfour. At Balfour, he oversaw every aspect of the day-to-day […]
As 2022 approaches, senior living providers are setting their annual rental rate increases — and many are going big. I’ve heard that message repeatedly during the past week, first in sessions and conversations at the NIC conference in Houston, and then in quarterly earnings calls. It’s a notable turnaround from this time last year, when […]
After a “sobering” third quarter, leaders with Pennant Group (Nasdaq: PNTG) are evaluating the moves they made over the last 18 months and are taking steps to improve performance going forward. “We know that sustainable clinical and financial results are achieved when our investment activity is well calibrated with the health of our current operations […]
National Health Investors (NYSE: NHI) is in the midst of a transformation that company leaders believe will position the real estate investment trust for success in 2022. The Murfreesboro, Tennessee-based REIT is planning to pare down its portfolio managed by Bickford Senior Living, going from 42 communities as of Sept. 30 to 35 or 36. […]
Raising rates can be a scary prospect for operators trying to recover occupancy in the age of Covid– but for Greg Roderick, CEO of Frontier Management, the alternative is even scarier. The Portland, Oregon-based organization is enacting a 10% rent increase across its portfolio in 2022 while raising care rates by about 10% to 20%. […]
