Non-Profit Senior Living Rates Surge in 2023, Surpassing Some CFOs’ Expectations

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 […]

Senior Living Staff Vacancy, Wage Levels Show ‘Mixed Bag,’ With More Challenges Ahead

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 […]

National Church Residences Names New President, CEO

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 Names Brandt to Chief Admin Role, Appoints New Senior Care President

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 […]

How Technology, New Staffing Models Can Trim Senior Living Labor Costs

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 […]

Former Claiborne Exec Joins Jaybird Senior Living as COO

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 Not Impossible: How Sunrise Senior Living, Other Companies Balance Mission and Margins

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 Names Exec Hutchens as CIO, Expanding Senior Living Leader’s Role

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 […]

Senior Living Operators See Staffing Improving in 2023 Despite Widespread Shortages

Senior living’s staffing challenges will improve in the second half of 2023 — but for now, the industry is still mired in widespread shortages. That’s according to a new National Investment Center for Seniors Housing & Care (NIC) survey tracking senior living executive sentiment. More than 48 owners and executives of senior housing and skilled […]

Welltower Bolsters Executive Leadership, Seeking ‘Outsider Mentality’

Welltower (NYSE: WELL) made several appointments and promotions of senior positions to bring an “outsider mentality” to the company’s future plans. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday appointed Nikhil Chaudhri to the role of chief investment officer and executive vice president.  Welltower also appointed Ayesha Menon to the role of executive vice […]