Entry-Fee CCRC Model Seen As Less ‘Endangered’ — But Less Appealing — Than Before Pandemic

Senior living professionals are more confident in the viability of the traditional continuing care retirement community (CCRC)/life plan community model today than they were before the Covid-19 pandemic.  However, the picture is complicated by the fact that many industry pros believe that entrance-fee communities are less attractive today than they were in 2019. That’s according […]

Front Porch CEO: With Covia Affiliation, We Are Prepared For Rapid Change in Senior Living

Senior living providers Front Porch and Covia are officially affiliated, the organizations announced Thursday. The combination creates a nonprofit with 54 communities across four states, serving about 7,500 residents and more than 6,000 participants in programs and services. Front Porch and Covia first announced their intention to affiliate in June 2020. The merger adds Covia’s […]

CCRC Provider California-Nevada Methodist Homes Files for Chapter 11

California-Nevada Methodist Homes (CNMH), a nonprofit that operates two continuing care retirement communities (CCRCs) in the Bay Area of California, has filed for Chapter 11 bankruptcy protection. California-Nevada Methodist Homes was founded in 1954, and the organization owns and operates an Oakland CCRC called Lake Park and a Pacific Grove CCRC called Forest Hill. Lake […]

Transforming Age, SHAG Affiliate to Create 8th-Largest Nonprofit, Will Target Middle Market

Transforming Age and Sustainable Housing for Ageless Generations (SHAG) are affiliating and intend to leverage their combined resources to expand further into middle-market senior housing and pursue other strategic objectives. Both organizations are based near Seattle, and the combination with SHAG makes Transforming Age the eighth-largest nonprofit senior living provider in the United States, serving […]

Mather CEO: We Adapted $475M Highrise Project to Pandemic, Are 70% Pre-Sold

Mather was not planning for a global pandemic when the organization embarked on the creation of a $475 million-plus life plan community near Washington, D.C. But after Covid-19 struck, Mather listened to consumers, adapted the project design and reached the 70% pre-sold mark in September. That’s three months ahead of the schedule that was set […]

Nonprofit Senior Living Model of the Future Emerges As Providers Expand, Diversify

While for-profit senior living providers are still expanding at a much more rapid pace, nonprofits are continuing to gain scale and sophistication in the midst of Covid-19, and are strategizing about how best to compete and command market share coming out of the pandemic. The “optimum” nonprofit senior living system of the future likely will […]

Christian Living Communities Taps Eden Alternative Leader Vitale-Aussem as New CEO

Christian Living Communities (CLC) has tapped Jill Vitale-Aussem as its next president and CEO. Vitale-Aussem is an industry veteran who served for the last two years as president and CEO of The Eden Alternative, the organization founded by Dr. Bill Thomas to drive culture-change and create more person-centered approaches in senior living and care. Prior […]

‘This Isn’t Sustainable’: Covid-19 Testing Pushes Senior Living Providers Closer to Financial Crises

The financial burdens of the coronavirus pandemic have squeezed senior living margins for months — but some providers are now openly wondering how much longer they can operate normally without an even greater level of federal support. The federal government has pledged to offer some support to the private-pay sector, both in the form of […]

Front Porch and Covia to Affiliate, Creating 54-Community Organization

Two California-based senior housing nonprofits, Front Porch and Covia, have agreed to affiliate with one another. The two organizations’ boards of directors voted to affiliate on June 1. The affiliation would create a combined organization with 54 senior housing communities. Front Porch was ranked no. 22 in total unit count in the latest LeadingAge Ziegler […]