Value-Based Care Effort Perennial Consortium Expands With Addition of Senior Living Operator HumanGood

HumanGood has joined the Perennial Consortium, expanding the value-based care initiative to now include the No. 6 largest senior living nonprofit in the U.S. The Duarte, California-based senior living organization joined the group in late August with the purchase of shares previously owned by Christian Living Communities (CLC), which will remain an active participant in […]

Non-Profit Life Plan Communities Start to See ‘Building Blocks’ for Recovery

After years of challenges, the road ahead now looks a little brighter for non-profit life plan communities. Life plan communities are seeing more stable occupancy and operational trends than in the past, likely leading them to increase capital expenditure spending in the future. On the whole, “recovery building blocks [are] emerging” for the sector, according […]

Bethesda Senior Living Looks to 2025 With New COO, Positive Operating Momentum 

Faith-based senior living nonprofit Bethesda Senior Living is nearing a full turnaround from the Covid pandemic. With recovery close at hand and a new operational leader on board, the organization is now thinking about its next chapter of growth. According to CEO Dana Rasic, the organization’s average occupancy rate has grown at a faster pace […]

Senior Living Nonprofits Tabitha, Eventide Agree to Affiliate 

Senior living nonprofits Tabitha and Eventide Senior Living Communities have agreed to affiliate in early October. Moorehead, Minnesota-based Eventide is slated to operate as the parent company while both organizations combine to share resources, according to a press release. Affiliation talks have been underway for the past six months and will allow both entities to […]

Senior Living Community Forms New Nonprofit to Provide Structure for Growth

At a time when many single-site senior living communities are scaling up by joining a larger organization, one life plan community in Pennsylvania is taking a different approach. The community, The Highlands at Wyomissing, on Thursday announced the launch of the new organization, Aspire for Well-Being. The organization will serve as a holding company for […]

Non-profit Senior Living Operators Making Fewer Investments for Tech Infrastructure in 2024

Senior living nonprofits have adjusted their technology spending priorities in the last year, with fewer dollars allocated to community infrastructure in 2024, for example. That’s according to the latest Ziegler CFO Hotline report on technology spending, which is released every two years with input from LeadingAge’s Center for Aging Services Technologies (CAST). Among the survey’s […]

‘The Runway Shortened’: Inside What Led to Christian Horizons’ Bankruptcy Filing

When Christian Horizons CEO Kate Bertram took the reins about a year ago, the nonprofit was still grappling with its pandemic recovery. Those challenges eventually culminated in the organization filing for Chapter 11 bankruptcy and planning to restructure. The St. Louis-based organization lost as many as a third of its new residents and short-term rehabilitation […]

Christian Horizons Files for Ch. 11 Bankruptcy, Seeks Restructuring

Christian Horizons has filed for Chapter 11 bankruptcy after facing operational pressure related to declines in new resident volume, staffing shortages and cost increases. The St. Louis-based organization this week announced its plans to file for bankruptcy and undergo a restructuring. The nonprofit has 12 communities with independent living, assisted living and memory care services, […]