From a lack of diversity among board members to old-school ways of doing business that need to change, there are a number of reasons why nonprofit senior living providers need to evaluate and potentially update their governance structure and practices. If they don’t, nonprofits could find their market share eroded by more nimble for-profit competitors, cautions […]
At a time when many senior living communities are taking hospitality to new levels, one New York City-based senior care nonprofit is putting customer service at the forefront of its operations. The New Jewish Home is a nonprofit provider serving about 13,000 people in New York City and nearby counties each year through a full spectrum […]
In multi-facility long-term care companies, those in CEO positions are bringing in significantly more than other high-level executives, a new compensation comparison report found. As of October 2016, the average total compensation (salary plus bonuses) of a CEO in long-term care was $484,010 while the average salary for a chief operating officer was $339,381, according […]
As an industry, senior living has been notoriously slow when it comes to technology. In 2015, however, some senior living technologies emerged as more popular than others, according to the 2016 LeadingAge Ziegler 150 report (LZ 150). The LZ 150, published annually, ranks the largest nonprofit senior living organizations in the United States by their […]
This week, while temperatures dropped in the Windy City, our readers were hot on the latest happenings across the senior housing industry. Readers wanted to know about a new entrant in the space with a multifamily background and how nonprofits are keeping up with the competition. Here in the newsroom, we were into the plans […]
The future’s bright for nonprofit senior living, or at least those providers that are executing on some key plays to remain competitive in a marketplace that’s changing quickly. Operator sophistication, size and scale were frequently discussed topics at the 2016 Ziegler Annual Senior Living Finance + Strategy Conference, which took place late last month in Ponte Vedra Beach, Florida, according […]
One of the nation’s largest nonprofit senior housing providers is digging in for a legal battle, and the company’s lawyers say that the outcome could have far-reaching implications for any employer with union workers. The case has its roots at the Piedmont Gardens community in Oakland, Calif., operated by American Baptist Homes of the West […]
Capital Senior Living Nominates Disney Veteran to Board of Directors Ed Grier has been nominated for election as a new director to the board of Capital Senior Living (NYSE: CSU, CEO Larry Cohen discussed during the company’s presentation at the Deutsche Bank 41st Annual Health Care Conference on May 5. Grier is currently the dean […]
Nonprofit senior living providers experienced a 2015 marked by an aggressive push for affiliations, and the year ahead will likely follow suit. Technology adoption, repositionings and staff recruitment and retention will play an increasingly important role in the sector, as well, according to predictions from Chicago-based specialty investment bank Ziegler. In 2014, Ziegler tracked roughly […]
Is Lutheran Homes of South Carolina (LHSC) CEO Frank Shepke trying to be Walt Disney? Well, you could sort of say that. Since joining Irmo, South Carolina-based LHSC in February 2015, Shepke has made it one of his goals to guarantee the customer service LHSC provides is worthy of “five stars,” emulating the customer service programs […]
