Announced earlier this year, the acquisition of Tealwood Senior Living by Lifesprk was an industry milestone. Based in the Twin Cities metro area, Lifesprk specializes in providing value-based care largely through home- and community-based services. The company intends to bring more coordinated, integrated services to senior living residents by leveraging a mix of services and […]
Category: Talks
This article is an exclusive feature available as a part of your subscription to SHN + Following a SPAC merger that valued the company at about $4.4 billion, Cano Health is expanding — and its CEO and founder, Dr. Marlow Hernandez, sees great potential for senior living partnerships. “We have several clinics, I estimate a […]
When Wendy Simpson, CEO of LTC Properties (NYSE: LTC), heard a colleague at a different real estate investment trust predict a two-year timeline to senior living occupancy recovery, she thought, “That’s just silly.” But, she no longer thinks so. “I think later in the year, we should be able to get a better trend, but […]
Exceptionally tight labor markets are causing senior living worker shortages even in positions that usually are easier to fill — and these workforce challenges could slow the pace of post-pandemic occupancy recovery. “If you have 10 patients or residents that you’re going to admit over the next week or two, you have to have enough […]
With Covid-19 challenges receding, senior living providers are now facing another crisis: margin compression, driven mainly by sharply rising labor costs. “I would argue that any operator out there is probably looking at around a 4% or 5% decrease in margin just due to labor,” Maxwell Group Founder and CEO Donald Thompson said during a […]
Many providers are starting to see move-ins return and occupancy tick up as Covid-19 cases continue to dwindle — and Brandywine Living President and CEO Brenda Bacon thinks pent-up demand is only part of the reason why. The Mount Laurel, New Jersey-based provider’s phones were “jumping off the hook” in January, a byproduct of pent-up […]
The Springs Living experienced about a 10% occupancy and 12% net operating income decline during Covid-19, but has recovered about a third of that lost census, with inquiries up 70% and move-ins up 20%. With this as the backdrop, the McMinville, Oregon-based provider is reentering growth mode. The Springs recently broke ground on a 210-unit […]
Discovery Senior Living is pushing to reach pre-pandemic occupancy levels by the end of Q2 2021, and Co-Founder and CEO Richard Hutchinson is optimistic after strong months for sales leads. “The beginning of this year certainly didn’t help … January, February was a little tough, but March exploded, April exploded, and I think we’re on […]
Join us for the next SHN+ TALK, with Fee Stubblefield, on May 4 at 11am CST. Learn more about the future of The Springs Living and Fee’s perspective on the senior living landscape, including: Innovative communities under development How to gauge when an operator is ready to add scale Covid’s impact and the timeline for […]
For Eclipse Senior Living CEO Kai Hsiao, the Covid-19 pandemic has proven that scale matters. He’s been getting more calls from mom-and-pop operators under stress, thinking about how to make an exit from the industry. And he notes that providers historically have not needed to have cash reserves to handle all the costs that the […]
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