HumanGood CEO John Cochrane is not happy with the state of the nonprofit senior housing and care sector. Specifically, he believes that many nonprofit organizations are too complacent and risk-averse, resulting in the senior living industry becoming far too dominated by for-profit providers. “Look at the market share of who owns what today: independent living, […]
Non-profit senior living providers across the U.S. have in recent years looked to mergers and affiliations as a way to gain scale and thrive in the face of industry headwinds. But some of these arrangements also come with a price: In order to join forces, at least one party needs to give up some degree […]
Presbyterian Senior Living (PSL), one of the largest non-profit senior living providers in the nation, has named Jim Bernardo as president and CEO. Following the retirement of Stephen Proctor, Bernardo took the role of acting CEO in June 2019. Bernardo has been with PSL for three decades, beginning his career as an executive director and […]
Having taken the role in Oct. 2016, Steve Kastner has now been CEO of Trinity Health Senior Communities for three years — and it’s been an eventful time. With a portfolio rebalancing effort largely complete, the Livonia, Michigan-based nonprofit is pursuing growth in lower acuity settings, including an active adult model that could compete against […]
Mary’s Woods at Marylhurst used to take pride in being “the best kept secret” in Lake Oswego, Oregon. Not anymore. As a $216 million repositioning draws near completion, the nonprofit life plan community has raised its profile. Mary’s Woods is now more visible and more integrated with the greater Lake Oswego and Portland metro areas, […]
Like some other senior living leaders, Asbury Communities CEO Doug Leidig believes that the industry is changing quickly and new ways of doing business are needed. Leidig is looking ahead to the baby boomer generation, and he sees a huge but fragmented consumer group that will not be satisfied with senior living as it exists […]
Since closing on their affiliation to start 2019, the Evangelical Lutheran Good Samaritan Society and Sanford Health have pursued a three-part strategy to realize the benefits of combining and achieve long-term success. Under financial pressure, the Good Samaritan Society laid off 100 people at its Sioux Falls, South Dakota national campus in 2017. Thanks to […]
Covenant Living CFO Jody Holt came to senior living just two years ago, but she hit the ground running, ushering in large-scale changes to position the nonprofit provider for the future. Those changes have included centralizing Covenant’s finance function — which involved making difficult job cuts — as well as shifting to a new fiscal […]
Next week, about 125 people will start working out of the new home office of Cassia, the senior living organization formed through the merger of Elim Care and Augustana Care. Located in a renovated building in the Minneapolis suburb of Edina, Minnesota, the Cassia headquarters will be the corporate hub for a nonprofit provider serving […]
Chicago Methodist Senior Services (CMSS) knows a thing or two about forming partnerships that improve its operations and boost its local reputation. The senior housing and care nonprofit is based in the Chicago neighborhood of Andersonville, with five senior housing properties and an office in and around the area. As a smaller, multi-site organization, CMSS […]