Benchmark launched its middle-market Branches brand four years ago, and the company has made progress on making senior living more affordable. But there is something that stands in the way of bringing those costs down further: the cost of labor. “We can tinker around the edges with dining or with non-labor expenses, but at the […]
Category: Management
Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]
Last week on Senior Housing News, we ran a story with the headline “U.S. News to Create Best Senior Living Community Rankings.” After learning more about what U.S. News is planning, I changed the headline to “U.S. News to Issue Senior Living Ratings.” I regret using the wrong terminology initially. But, I also think that […]
The Covid-19 pandemic has pressured just about every facet of senior living operations — but for some senior living providers, it has been an opportunity to learn, grow and evolve. From creating new worker positions that have helped prevent move-outs during the pandemic to re-engaging residents after a long period of isolation, leaders with Integral […]
Brookdale Senior Living (NYSE: BKD) President of Senior Living Operations Cindy Kent is resigning from the company. Her departure, effective Oct. 1, 2021, was announced in an 8-K filing with the Securities and Exchange Commission late Monday. She is leaving to pursue another opportunity outside the senior living industry. Kent, a former executive at 3M […]
This article is an exclusive feature available as a part of your subscription to SHN + Prior to the Covid-19 pandemic, mobile home parks were on the rise as a senior living option. Offering similar amenities as active adult communities, manufactured housing was an increasingly popular choice for consumers and a red-hot target for real […]
Ortelius Investors on Monday announced a counteroffer to Capital Senior Living’s (NYSE: CSU) plan to raise up to $153 million through a private placement of convertible stock to affiliates of Conversant Capital. Ortelius, which has threatened to block the recapitalization since it was first announced in late July, also lined up a bridge loan for […]
Priya Living Founder and CEO Arun Paul is aiming for what he calls the “holy grail” of senior living — a premium product at an attainable price point. But achieving that depends in large part on how Priya defines “luxury.” “If you think about it as we do, true luxury is experience,” Paul said during […]
Another round of Covid-19 relief is being made available to health care groups, including assisted living providers. The Department of Health and Human Services (HHS) on Friday announced that it is releasing $25.5 billion in new funding for health care providers affected by the Covid-19 pandemic. The portal to apply for funds will open on […]
Senior living providers have been on the leading edge of implementing Covid-19 vaccine mandates for employees — and soon, they must be joined by every large company in the United States. President Biden on Thursday announced plans to order companies with 100 or more employees to mandate coronavirus vaccinations for workers or test them for […]