Welltower (NYSE: WELL) and Brookdale Senior Living (NYSE: BKD) continue to report solid gains in occupancy, despite a surge in Covid-19 delta variant cases. That is according to business updates released by the two companies on Thursday. Welltower, the Toledo, Ohio-based health care REIT, reported spot occupancy across its senior housing operating portfolio (SHO) of […]
Category: Management
Twin brothers Bill and Bob Thomas achieved success as multifamily housing entrepreneurs in the 1970s — but their situation changed in the next decade. “We thought we were the smartest guys on the block … and then the 80s hit,” Bill Thomas told Senior Housing News, during an interview at the American Seniors Housing Association […]
U.S. News & World Report — which issues influential rankings of hospitals, nursing homes, universities and other businesses — is turning to senior living. The publication plans to rate* U.S. senior living brands based on standardized consumer input gathered through surveys created by Activated Insights. Activated Insights is the organization that is also behind the […]
Covid-19 booster shots are on the horizon, and senior living providers are moving ahead with planning clinics for residents and staff while awaiting greater clarity from government regulatory agencies. Some industry providers have moved with urgency in recent weeks to schedule their first Covid-19 vaccine booster shot clinics, even as the U.S. Food and Drug […]
Within about the last two years, JEA Senior Living was acquired by investment firm Access Industries and named a new CEO. Now, the Tumwater, Washington-based provider has rebranded as Sinceri Senior Living. “Since the company was founded, there have been countless changes in our industry and around the world,” said CEO Chris Belford, in a […]
Integral Senior Living (ISL) has taken over operations of six senior living communities owned by Griffin American Healthcare REIT III amid an effort to scale up its operations across the U.S. The communities are located in Mishawaka, Hobart, La Porte and Elkhart, all in Indiana; and Niles, Michigan. They were formerly operated by Bethesda, Maryland-based […]
“Our business is forever changed.” Those are the words of John Rijos, whose perspective is informed by decades of leadership in the senior living industry. Having been co-president of Brookdale Senior Living prior to its merger with Emeritus Corp., Rijos went on to co-found investment firm Chicago Pacific Founders (CPF). He also is chairman and […]
Capital Senior Living (NYSE: CSU) is moving forward with its plan to raise up to $153 million via a private placement of convertible stock to affiliates of Conversant Capital. The transaction is necessary to meet immediate needs for working capital and secure the future stability of the company, according to documents filed this week. The […]
Sunshine Retirement Living has been one of the fastest growing U.S. senior living providers in recent years, expanding a middle-market model with roots that trace back to Holiday Retirement. A good portion of that growth came during Covid-19, and the effort was “extremely difficult” in many regards, including with certain banking relationships, Sunshine CEO Luis […]
Based on comments from panelists during two recent webinars, as well as conversations I’ve had in the last few weeks, I believe that two trends are converging in senior living: wellness and psychographics. Specifically, more senior living owners and operators are gathering and analyzing psychographic data to gain deeper insights into consumers. Savvy organizations will […]