Survey Reveals How Senior Living Nonprofits Set C-Suite Pay

Most non-profit senior living providers conduct annual reviews to evaluate the pay of executives, with a board of director review serving as the most common way to do so. That’s according to the latest Ziegler CFO Hotline survey from Ziegler. The survey included feedback from 240 respondents. The majority of respondents, more than 84%, said […]

Lutheran Senior Services, Diakon to Join Forces in Bid for Greater Scale

Senior living operator Lutheran Senior Services (LSS) has signed an agreement to affiliate with another nonprofit in a move that CEO Adam Marles said will help the organization better prepare for the coming two decades.  LSS recently announced its intent to affiliate with the senior living communities operated by Diakon, a Lutheran-aligned senior living operator […]

FellowshipLIFE Expands Through Health System Agreement, Furthering Senior Living Trend

New Jersey not-for-profit FellowshipLIFE is continuing the growth it saw in 2023 through an agreement with a regional health care provider, which brings another community into its portfolio. The agreement, completed with CentraState Healthcare System, will transfer the organization’s Applewood community to FellowshipLIFE, which will assume its operation and management in mid-2024. “It’s about driving […]

Goodwin Living CEO: Why Brain Health, At-Home  Care Are Next Frontiers for Senior Living Innovation

Goodwin Living’s future lies in expanding health service offerings as the senior living provider keeps its focus on staffing and other operational efforts. The Alexandria, Virginia-based organization is a faith-based nonprofit that operates three communities in the northern Virginia area serving approximately 1,100 residents with a full continuum of care. Goodwin Living also manages a […]

‘Only Way to Serve Them’: Why More Senior Living Operators Are Opting to Affiliate

As the era of the single-site and small-system operator comes to a close, organizations are increasingly looking to scale by affiliating with one another. While operators have long sought affiliations as a creative way to grow – particularly on the nonprofit side of the industry – the challenges of operations in recent years have pushed […]

Garden Spot, Frederick Living Agree to Affiliate, Advancing Growth Strategy

New Holland-based Garden Spot Communities is absorbing another local senior living nonprofit through affiliation, advancing the organization’s long-term growth strategy. Garden Spot is currently affiliating with Frederick Living, the organization announced Friday. The process for affiliation has been underway since December 2022, Garden Spot Communities CEO Steve Lindsey told Senior Housing News, and is anticipated […]

Senior Living Nonprofits Still Seeing ‘Record-Level’ M&A, High Number of Closures

The senior living industry’s non-profit sector is continuing to see high numbers of operators exploring affiliations and sales, or outright closing their communities. That’s according to a new mid-year M&A report from Chicago-based specialty investment bank Ziegler. According to the report, 846 senior living nonprofit communities have consolidated operations in some way since 2015. That […]

Economic Challenges, Health Care Opportunities Spur Affiliation for 3 Senior Living Operators

The pandemic’s challenges have pushed many non-profit senior living operators to consider joining forces. The latest example of that trend is occurring in New Jersey, where four communities are coming together as one. The communities, Fellowship Village in Basking Ridge, Friends Village in Woodstown, House of the Good Shepherd in Hackettstown and Pines Village in […]

Senior Living Nonprofits Saw Record Year for Transactions and Closures in 2022

Last year was the most active year on record for community “transitions” in the non-profit senior living sector, with nearly 110 communities changing hands across more than 70 deals in 2022. That’s according to a report by the Chicago-based specialty investment bank Ziegler. Transitioned communities are communities that changed hands in some way, such as […]