Brookdale Senior Living has sold its remaining 20% equity interest in its home health and hospice joint-venture with HCA Healthcare (NYSE: HCA) to HCA for $27 million. Brookdale, the nation’s largest operator with 672 communities in 42 states, confirmed the sale to HCA on Wednesday. The sale comes months after Brookdale CEO Cindy Baier said […]
Category: Management
Capitalization rates rose across all senior living product types in the latter half of 2023 as challenges remained stubborn. But the new year should bring more improvement to supply-demand dynamics. That’s according to a new investor sentiment report for the second half of 2024 from CBRE Valuation and Advisory Services. The survey, conducted in October, […]
After a slower start than many operators had hoped in 2023, the senior living industry is poised to regain pre-pandemic occupancy in 2024 – but many of the pandemic era’s challenges still remain. Challenges for the year ahead include finding ways to grow as new development remains tough, navigating lingering high expenses, staffing communities with […]
Senior living rental rates are still growing at a near-record pace, according to a new update from NIC MAP Vision. Rental rates for the three main senior living product types – independent living, assisted living and memory care – “maintained near-record highs observed since the onset of 2023,” according to NIC Principal Omar Zahraoui. Memory […]
(Updated Jan. 3, 2023) A new Washington Post investigation has detailed dozens of incidents where senior living residents have wandered away and died as well as “bare-bones” staffing levels at communities across the country. In one article published over the weekend, the Post examined thousands of cases since 2018 where senior living residents wandered away […]
This story is part of your SHN+ subscription As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins. The demand outlook for senior living is favorable for […]
Health care payments and a need to better communicate with and engage staff are having an outsized impact on the kinds of technology investments senior living operators expect to make in the coming year. That’s according to a new Senior Housing News survey recently published in collaboration with senior living technology company CarePredict. On the […]
Presbyterian Senior Living (PSL) CEO Dan Davis sees future opportunities in attracting younger residents and diversifying care, while positioning for growth. Davis has been busy since taking the reins as CEO in November of last year. From focusing on improving staffing issues to revamping operations, including new approaches to dining and memory care, the nonprofit […]
ZOM Senior Living is positioning itself to capture the “migration patterns” of older adults as the company gears up for growth, after completing its first luxury housing communities over the past year. Primarily focused on multifamily development, ZOM Living started its senior housing vertical in 2018 and completed its first community, Wellington Bay, in September […]
Salmon Health CEO: Full-Continuum Senior Living Model Offers ‘Tremendous Opportunity’ for the Future
Salmon Health and Retirement has in recent years pivoted to hospitality to reach a new generation of older adults – but the company’s CEO, Matt Salmon, is not discounting the appeal of having a continuum of care, either. Today the company has a full continuum of senior care that spans independent living, assisted living and […]
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