This article available as part of your SHN+ membership From short-term stays to membership programs that set more creative pricing for residents, the senior living industry can go much bolder when it comes to revenue streams. That’s according to Revel Communities COO and EVP of Resident Experience Danette Opaczewski, who weighed in on the topic […]
Under the leadership of senior living industry veteran Larry Cohen, Trustwell Living has refined its playbook and been on a growth trajectory since last year. Cohen believes the company will expand its acquisition platform this year as the company focuses on top-line growth and building back occupancy through intense optimization efforts. He also pointed out […]
The senior living industry has a golden opportunity to embrace value-based care, improve resident outcomes and save money — but more operators must be willing to take the first step. That’s according to Jill Vitale-Aussem, President and CEO of Christian Living Communities (CLC). The Denver-based senior living nonprofit owns nine senior living communities in Colorado, […]
It seemed likely last year that a return to the rental market was at hand for Chicago-based senior living operator Vi. Then, high construction costs pushed the company to put those plans on hold. But President Gary Smith is not despairing or looking for a backup plan. Instead, he believes the company was fortunate that […]
The senior living industry can support more ultra-luxury senior living communities — a lot more, according to Galerie Living Founder and CEO Tim Gary. “I promise you, there is a market for ultra-luxury in every major city in this country,” Gary said during a recent appearance on SHN+ TALKS. “We should be developing as fast […]
In the future, active adult communities and health care providers will have a common goal in keeping residents healthy for as long as possible. Those are the beliefs of Michael Joseph, founder and president of Clover Group. With 50 properties and more underway, the Williamsville, New York-based company is at the forefront of the red-hot […]
Sonida Senior Living (NYSE: SNDA) has a new CEO, and a new focus as the company looks to the latter part of 2022. Brandon Ribar took the reins earlier this month with the departure of former CEO Kim Lody. And as he looks ahead, he is focused on three major areas: maintaining and improving the […]
As Commonwealth Senior Living CEO Earl Parker looks ahead to the future, he is not worried about occupancy or demand. With the company’s average occupancy back at pre-pandemic levels, Parker believes “that we will get back to those numbers and exceed them, frankly.” “We have a product that people want and need, and more people […]
Many older adults and their families don’t think about senior living until they have to. Typically, that is when a prospective resident is in their late 70s or early 80s, and often when they can no longer live at home. But HumanGood CEO John Cochrane thinks there is a real opportunity to reach those older […]
The baby boomers are coming — and Priority Life Care CEO Sevy Petras believes the industry will need to market to them in an entirely new way. The Fort Wayne, Indiana-based operator recently put that philosophy into action by revamping its website and digital marketing strategy to better cater to the next generation of senior […]
