Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]
Category: Management
Atria Senior Living is making progress on its plan to fully integrate with Holiday Retirement and combine the company’s operations — including through right-sizing the corporate team. Leaders with Louisville, Kentucky-based Atria announced the progress on Wednesday. Atria acquired the management business of Winter Park, Florida-based Holiday earlier this year. The two companies are currently […]
A rise in Covid-19 cases and the ongoing labor crunch derailed The Pennant Group’s (Nasdaq: PNTG) momentum in the third quarter of 2021. In a press release distributed ahead of the company’s Nov. 9 earnings call, Pennant leadership warned that the Eagle, Idaho-based company’s third-quarter earnings were negatively affected by its ongoing challenges. “Our efforts […]
Across U.S. primary markets, senior housing occupancy could return to pre-pandemic levels in less than 2 years if absorption continues at its recent rapid pace — but occupancy recovery could take far longer if absorption slows. Specifically, if absorption returns to its average pace between 2010 and the first quarter of 2020, occupancy recovery might […]
Sagora Senior Living is taking over management of a dozen middle-market senior living communities once operated by Eclipse Senior Living, the national operator that is ceasing operations in early 2022. The addition of the 12 properties — located in Florida, Illinois, Oklahoma, West Virginia, New York, Ohio, North Dakota, Mississippi and Texas — brings Sagora’s […]
Senior housing and care operators are “working constantly and creatively” to overcome staffing challenges, but workforce issues are constraining occupancy growth, according to Wendy Simpson, CEO of LTC Properties (NYSE: LTC). “We’ve had some of our assisted living operators say they closed a floor and are not opening up the floor until they can get […]
During the company’s quarterly earnings call on Oct. 15, Walgreens Boots Alliance CEO Rosalind Brewer described her family’s struggle to find and coordinate services for her mother, near the end of her life. With the launch of a new business segment called Walgreens Health, the retail and pharmacy giant aims to address those problems, including […]
Juniper Communities and its CEO Lynne Katzmann have earned a reputation for senior living innovation, thanks to efforts such as the Connect4Life integrated care model, leadership in Medicare Advantage through The Perennial Consortium, and fresh approaches to resident experience such as Broadway Senior. Now, Juniper is at work on a senior living model for the […]
There are signs that Covid-19 has propelled more senior living providers to consider diversification strategies, adding new ancillary service lines as a financial and strategic play. The trend was already underway before the pandemic struck, but with Covid-19 eroding occupancy to historically low levels, providers have recognized the risks in tying revenue almost entirely to […]
Senior living providers will be able to more easily and effectively deploy and manage Amazon voice technology at scale through a new enterprise solution from the tech giant. The ability to fleet-manage Amazon’s voice technology is a “big breakthrough,” Atria Senior Living CEO John Moore told Senior Housing News. Atria is among the first providers […]
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