About a month ago, Sodalis Senior Living got a shout-out during the Q1 2023 earnings call for Ventas (NYSE: VTR). Sodalis was one of the operators that “contributed significantly to the growth in the first quarter,” said Ventas Chief Investment Officer and EVP of Senior Housing Justin Hutchens. The mention can be seen as a […]
Category: Staffing
Silverstone Senior Living has named industry veteran Tami Cumings to the newly created role of COO as the company preps its next round of growth. As COO, Cumings is slated to oversee asset management, property operations, sales and marketing for the company’s growing senior living portfolio. She also will aid the company as it embarks […]
Monthly rate increases have in 2023 outpaced increases in previous years — and, they have outpaced what the financial leaders of senior living non-profits projected in the fall of 2022. More than 250 chief financial officers from nonprofit senior living organizations predicted that monthly rates would go up by about 5% in 2023. However, data […]
With the senior living industry aiming for wider margins and lower expenses this year, providers across the country are getting creative on all aspects of labor as staffing remains critical albeit tough. New data from LivingPath, an online platform that provides pricing and other data for senior housing communities, shows that senior living vacancies have […]
Susan DiMickele, a longtime National Church Residences executive, has been named president and CEO ahead of the retirement of outgoing leader Mark Ricketts. DiMickele, who currently serves as senior vice president of senior living and senior services, will assume leadership of the Columbus, Ohio-based organization when Ricketts retires on June 30. She is now the […]
ProMedica recently promoted a trio of company leaders to help guide the company forward., including a new president for its senior care division. The Toledo, Ohio-based company promoted Angela Brandt, previously president of ProMedica Senior Care, to the role of chief administrative officer Backfilling her newly vacated role is Justin Skiver, who was previously the […]
From changing labor practices and how operators staff communities, senior living providers are finding new ways to optimize profitability and reduce costs around staffing. It’s no secret that operators have had persistent staffing issues since the pandemic struck three years ago, including rising wage expenses helping to compress margins, a competitive labor market for new […]
Justin Wray has joined Jaybird Senior Living as the Cedar Rapids, Iowa-based senior living provider’s operations executive. Wray brings nearly two decades of senior living experience with him to Jaybird Senior Living, having worked with various senior living providers including Brookdale Senior Living (NYSE: BKD), Frontier Management, Pegasus Senior Living, Mather and Pacifica Senior Living, […]
Mission and margin are not incompatible, and operators that can find harmony between the two stand to attract new residents and capital opportunities. From connecting staff to an organization’s mission that boosts retention and recruitment, to partnering with capital on new business opportunities, there’s a true return on investment within the senior housing industry by […]
Ventas (NYSE: VTR) has named senior living industry veteran Justin Hutchens to the role of chief investment officer (CIO), expanding his role with the real estate investment trust. The Chicago-based REIT on Monday announced it had combined Hutchens’ executive vice president role with the CIO position, a move that tasks the leader with overseeing the […]
Subscribe
Receive industry updates and breaking news from SHN