Non-Profit Operators Keep ‘Grow or Die’ Mindset Despite Construction, Labor Hurdles

A majority of non-profit senior living operators are sticking to their growth plans, even as workforce shortages and construction pressures continue to make doing so complicated. According to Ziegler’s CFO Hotline report for August, 58% of non-profit senior living operators say they are moving forward with their growth pipelines as planned this year. The report, […]

Senior Living Nonprofit Christian Care Files for Ch. 11 Bankruptcy

A not-for-profit senior living operator with three communities in the Dallas area has filed for Chapter 11 bankruptcy after challenges exacerbated by the Covid-19 pandemic, with a stalking horse bidder already lined up for a bankruptcy sale. The operator, Christian Care Communities & Services (CCC&S), has three communities in the Dallas/Fort Worth area totaling 760 […]

Transforming Age Merges SHAG, Two Affiliated Entities to Form Affordable Housing Arm

Senior living nonprofit Transforming Age has unveiled a new affordable housing arm and brand called “Circ.” The newly created brand — which Bellevue, Washington-based Transforming Age formats as CIRC — is an amalgam of Sustainable Housing for Ageless Generations (SHAG), which affiliated with Transforming Age in 2021; and two other Transforming Age-affiliated entities: Community Life […]

Nonprofit Independent Living Rate Increases Hit ‘Historic Highs’ in 2022

Amid short-term headwinds that are threatening occupancy rates and driving up expenses, monthly fees for independent living residents in not-for-profit communities have reached historic levels in 2022. Some not-for-profit operators are even contemplating more rate hikes in the midpoint of this year. That’s according to a report published by Chicago-based speciality investment bank Ziegler. The […]

CLC CEO: Middle-Market Strategy, Medicare Advantage Growth Drive Innovation In Tough Operating Environment

Senior living providers are facing intense operational and financial challenges — but they must not let these pressures distract them from innovating for the future. That’s according to Jill Vitale-Aussem, president and CEO of Christian Living Communities (CLC) and Cappella Management. “We’re concerned about staffing, we’re concerned about wage escalation, we’re concerned about inflation,” she […]

3 Pennsylvania Nonprofits to Affiliate, Forming New Senior Living Organization Ilumin

Three faith-based senior living nonprofits based in Pennsylvania are joining forces to create a new organization with a combined $140 million in annual revenue. The organizations — Allegheny Lutheran Social Ministries, Liberty Lutheran Services and Garden Spot Communities — will operate under the “Ilumin” banner when the affiliation takes effect. The combined organization expects to […]

Supply Chain Disruption Brings Senior Living Woes, Kendal Launches Quantum GPO

Consumers shopping online are encountering “out of stock” messages far more frequently, automakers and retailers are curtailing holiday advertising due to product shortages, and headlines warn of a Thanksgiving without turkeys. Snarled and disrupted global supply chains are a major factor behind all these issues, and senior living providers are feeling the effects of these […]

After Rebranding, EveryAge Targets Middle-Market Senior Living and Home Health Growth

EveryAge has some ambitious plans, as the senior living and aging services provider celebrates its 50th anniversary. Last month, the nonprofit – formerly known as United Church Homes and Services – completed a rebranding in conjunction with its golden anniversary. The new corporate identity goes beyond the company’s beginnings as a faith-based provider to be […]

Future of Nonprofit Senior Living Demands New Approaches to Staffing, Hospitality, Services

The impact of Covid-19 on nonprofit senior living continues to reverberate, and is forcing leaders in the space to reconsider approaches to foundational pillars such as staffing models and hospitality-forward care. Covid-19 highlighted the heroism of senior living workers but an ongoing labor crisis means that providers should be thinking big about future changes. In […]

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 […]