The outlook for non-profit life plan communities is improving going into 2025, according to a new analysis from Fitch Ratings. Headwinds including cost inflation of certain goods and services, real estate price growth and higher interest rates have “leveled off,” while demand is rising as the baby boomers age, according to a new Dec. 2 […]
Category: Non-Profit
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 […]
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 […]
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 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 […]
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 […]
A new crop of leaders is at the helm at a handful of senior living nonprofits. Now, they are collectively plotting their organizations’ next steps with an eye for what the incoming generation of residents will want. Some of the nonprofit senior living sector’s newest leaders include Erin Shadbolt, who ascended to the CEO role […]
Prime Healthcare has agreed to buy a small handful of Ascension Living communities as well as nine hospitals belonging to the larger Ascension health system. Prime is with the deal picking up four Ascension Living communities for senior living and care residents in Aurora, Joliet, Kankakee and Park Ridge, Illinois. The deal also included nine […]
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 […]
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 […]
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