Village Park Senior Living (VPSL) is recording strong rate increases across its multi-brand portfolio, in a market where communities are offering concessions and lowering rates to compete with new supply. CEO Tim Gary largely credits the company’s approach to design and architecture. “The industry is building product that is a broken model. It has to […]
Best Buy’s (NYSE: BBY) push into the commercial health care space is poised to make the electronics retailer an even bigger disruptor than many may have anticipated, thanks largely to its focus on seniors. That’s the premise of a report released earlier this week by analysts at investment bank and financial services firm Morgan Stanley […]
A nonprofit program that teaches seniors technology skills in a WeWork-like setting is plotting its next steps for growth, and is looking for senior living providers to be part of the process. Nonprofit senior advocacy group Older Adults Technology Services (OATS) launched its first Senior Planet class seven years ago in Brooklyn’s Bedford-Stuyvesant neighborhood. Today, […]
Technology will play a key role when Maplewood Senior Living’s Inspir Carnegie Hill community opens on the Upper East Side of Manhattan. The $300 million luxury-focused community will bring with it a comprehensive technology suite designed to enhance the resident experience and make operations more efficient. The suite — which is called Alli — will […]
A tech startup that has raised $6 million is poised to make further inroads in senior living, thanks to results like those at Carlton Senior Living. Concord, California-based Carlton utilized the new AI-enabled technology, called SafelyYou, to cut down on falls and visits to the emergency room among its memory care residents. The senior living […]
“The industry needs more Kari Olsons.” So said a tech entrepreneur in a recent Senior Housing News “Confessions” article. The entrepreneur believes that many senior living providers lack an effective innovation strategy, but Front Porch is an exception, thanks to Olson’s work as the non-profit’s chief innovation and technology officer. Olson took the stage on […]
“Everyone is talking about major industry challenges (shrinking demand, negative stereotypes, shifting attitudes) without really doing anything drastically different.” Those are the words of a technology entrepreneur focused on the senior living sector, who connected with Senior Housing News for this installment of “Confessions.” The goal of this series is to share candid perspectives that […]
A combination of new technology and vertical integration of payers, providers and capital could drive more affordable senior living in the United States, Welltower CEO Tom DeRosa believes. Toledo, Ohio-based Welltower (NYSE: WELL) has developed a successful business based on owning Class A senior housing properties in affluent markets. But the real estate investment trust […]
Ventas (NYSE: VTR) has a plan to “pivot to growth” in 2020, and it sees big data and close relationships with its senior housing operating partners as key to that effort. The Chicago-based real estate investment trust (REIT) laid out its multifaceted growth strategy during its investor day presentation in Philadelphia on Tuesday. That strategy […]
Picture a vertical, mixed-use community with a senior living component where residents have access to retail, health care and entertainment, using virtual reality platforms to connect older adults with similar interests, or creating new organs for the body via 3D printers. These innovations are either already here or on the horizon, and they can be […]