Nearing the halfway point of 2023, senior living operators are ramping up efforts to maintain momentum in various areas, from generating revenue growth to innovating on staffing, with a goal of seeing year-end success. But the road to wider margins and boosted revenue is fraught with challenges, from outside pressures on interest rates that hamper […]
Category: SHN+
From the possibility of litigation from residents and their families to potential Fair Housing Act violations, the senior living industry in 2023 is fraught with legal risks. There was a time in the not-too-distant past when senior living operators were not often in the eye of regulators or plaintiff attorneys. That has since changed, according […]
Last week, we learned that the first quarter of 2023 was the slowest for new senior living M&A since the same period in 2021. Interest rates causing headaches in capital markets were a big reason why. For companies that previously planned to rely on sourcing debt for new deals, the cost of capital and general […]
As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
SHN reporters Nick Andrews and Austin Montgomery also contributed to this story. Fast growth in the face of headwinds, forward-thinking operating models, deep industry experience — these are just some of the traits of the senior living companies standing out in 2023. Though the industry is undergoing pain this year, these operators’ companies are blazing […]
If recent events are any indication, 2023 is going to be a painful year for the senior living industry. In late March, real estate firm Waterton surprised many in the industry — myself included — by transitioning all of Chicago-based Pathway to Living’s management agreements to other operators. In recent conversations with company insiders, I […]
The rise of hospital-at-home and SNF-at-home models has been making headlines for the last month, with related opportunities and complications for senior living becoming clearer. Best Buy (NYSE: BBY) generated some of these headlines by announcing a partnership with Advocate Health. The partnership aims to expand Advocate’s hospital-at-home offering, which the Charlotte, North Carolina-based health […]
Value-based care and the middle market represent two of the biggest opportunities for senior living providers and were hot topics at the recent NIC Spring Conference. But with operators more cash-strapped than ever — thanks largely to inflation and labor disruption — I believe that the sector is at a “show me the money” moment […]
When I recently asked Welltower (NYSE: WELL) CEO Shankh Mitra why the company pursued IRS approval to self-manage independent living assets, he replied with a question of his own. “Do you not know the state of our industry?” he asked. The sector continues to fall woefully short in attracting customers, has failed to create a […]
Thanks to a new recap from Lee Equity and Coastwood, Integral Senior Living (ISL) is now joined at the hip with Discovery Senior Living. The move has industry-wide implications, and echoes the example of Aimbridge Hospitality, which Lee Equity backed in 2013 and helped transform into the nation’s largest independent hotel management firm. On the […]