Strive Senior Living has acquired the seven-property portfolio of Sutton Homes small-house memory care communities, and will use this as a platform to launch the Sanctuary by Strive memory care brand. Strive was founded by the husband and wife team of Trey Vick and Carrie Vick. The couple met during their time in the U.S. […]
Category: Memory Care
The coronavirus pandemic poses new challenges by the day to long-term care providers across the continuum. But the challenges are even more pronounced for memory care operators. Those challenges include limiting the ability of memory care residents to walk about freely and congregate with each other, and ensuring their daily routines are as unaffected by […]
Founded in 1997 by industry pioneer Tom Grape, Benchmark recently embarked on a new chapter, with a new private equity owner and an operating approach internally dubbed “Benchmark 2.0.” This next era is exemplified in one of the latest additions to the Waltham, Massachusetts-based provider’s portfolio, Adelaide of Newton Centre. Located about 10 miles west […]
When former President Ronald Reagan announced his Alzheimer’s disease diagnosis in November 1994, clinical studies geared toward finding a cure for the disease were in their infancy, and long-term care facilities were mostly focused on treating residents in the early throes of cognitive decline. It was in this environment in which HCR ManorCare opened its […]
Senior living operators are implementing new and innovative practices to address older adults’ rising concerns about dementia, and succeed in a challenging operating environment for memory care. These innovative approaches include Brightview Senior Living’s company-wide Bright Minds wellness initiative; a Montessori-based approach at Acts Retirement-Life Communities; and a unique horticulture focus at a community newly […]
Discovery Senior Living had a landmark year in 2019, hiring its first COO, making strides on an “experiential living” model, and striking major deals with real estate investment trusts Welltower (NYSE: WELL), HCP (NYSE: HCP) and NHI (NYSE: NHI). Memory care has been another major focus, and the Bonita Springs, Florida-based provider recently announced that […]
Staff injuries sustained while transferring residents* have always been a top concern for senior living providers, and the issue has become more severe and costly in recent years — with memory care facing some of the toughest challenges. With this in mind, Irvine, California-based memory care pioneer Silverado is among the first group of providers […]
Senior living operator Chancellor Health Care is finding success as a growing operator in National Health Investors’ (NYSE: NHI) senior housing portfolio — in part by shaking up tired memory care practices the overall industry “should be embarrassed about.” The Windsor, California-based company is particularly unique in that it’s changing the traditional senior living model […]
While many senior living providers across the U.S. struggle with memory care headwinds, that isn’t the case of one growing regional operator in the Pacific Northwest. Yakima, Washington-based Cascadia Senior Living has carved out a niche by developing communities throughout the Evergreen State, including some freestanding memory care buildings with indoor streetscapes. Though the memory […]
Access Industries, a New York-based investment firm, has acquired a majority stake in Vancouver, Washington-based JEA Senior Living. In March 2019, Access purchased 10 JEA communities in Washington, Oregon, Texas, Tennessee and Indiana. Now, Access has invested in the JEA management company as part of an effort to expand its ownership and management of senior […]