Rich cultural programming, on-demand and concierge services, five-star dining, world-class care — over the years, the senior living industry has clearly defined what luxury looks and feels like. For memory care, that definition is not as clear. Part of the challenge is that the product type is more clinical in nature than independent living given […]
Category: Memory Care
The demographics and demand for memory care communities have set the product type up for long-term success and growth — now, the sector just has to overcome everything else. The memory care sector endured some harrowing challenges in 2020 and 2021.Staffing challenges, high expenses and negative perceptions from society at large have hamstrung some senior […]
A senior living operator in the Pacific Northwest is going bigger on mental health with a new partnership aimed at helping residents and their families better access — and crucially, pay for — behavioral health services. Earlier this month, Seattle-based GenCare Lifestyle announced it is the first major senior living operator in the U.S. to […]
Life plan community operator Vi has not necessarily been known for memory care services alone, but a new effort to stand out from the competition may be changing that. The Chicago-based senior living operator has always offered upscale memory care services to residents through its full-continuum care model, and there are no current plans to […]
The Aspenwood Company is launching a new memory care program encompassing all different areas of the resident experience, joining in a larger trend across the industry of operators hitting reset on their memory care offerings. They are doing so to elevate care and the resident experience while driving revenue — and to position themselves for […]
Sunrise Senior Living is slated to strengthen its foothold in New York City’s budding luxury senior living market. The McLean, Virginia-based company is in the coming weeks opening its forthcoming community in Manhattan’s Upper West Side. Construction on the community wrapped up earlier in the year, according to local news publication New York Yimby. Like […]
With a recent quickened pace of move-ins, the memory care segment of senior living is gearing up for a potentially years-long period of growth and high demand. Operators are preparing in the second half of 2023 by prioritizing growth, programming, technology and cost efficiency. The impact of rate increases, broader factors like cost inflation and […]
Around 2017, a cardiothoracic surgery nurse at New York Presbyterian Hospital in New York City noticed that an inordinate number of patients who underwent surgery experienced a notably high number of adverse health outcomes. The reasons behind these outcomes were initially unclear, and they would be potentially hard to glean unless someone was monitoring that […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
Last month, Brookdale Senior Living (NYSE: BKD) chose not to renew a lease on a portfolio of 35 properties with LTC Properties (NYSE: LTC) — a move that was for the better in the end, according to CEO Cindy Baier. Despite having “a long and productive relationship with LTC,” Baier noted the Brentwood, Tennessee-based senior […]