A senior living veteran has sold a longtime business as part of a pivot to building a tool to bring to the industry more transparency in pricing. The veteran is Michael Baldwin, who worked as president of OHC Advisors for seven years until July of this year. Baldwin sold his venture to found SeniorComps, a […]
Category: Technology
Senior living operators have always relied on data to inform the future of their organization. But now, providers are using data and analytics-based insights to improve operations and make decisions in an increasingly short window. By using data and analytics to inform operations and financial decision making, operators have been able to customize their product […]
This article is part of your SHN+ subscription Some notable news broke on Tuesday night: the acquisition of a 113-bed assisted living and memory care community in Brentwood, Tennessee. I know that sounds more like a modest deal rather than headline news, but the transaction could have a big impact on the sector, if the […]
In the years before the pandemic, the senior living industry was slow on the draw with regard to the use of new technology. But the challenges of the last three years have led to big tech advances in areas including automation and telehealth — and operators are just getting started. Some of the biggest recent […]
By: Zahida Siddiqi Senior living referral giant A Place for Mom is launching a new website meant to serve as a “one-stop-shop” for families in search of nursing homes. The new website, Nursinghomes.com, also marks the debut of the online referral giant in the nursing home sector. It puts vital information at prospective residents’ fingertips […]
Telemedicine and artificial intelligence (AI) are helping to take the senior living industry to its next evolution by improving operations and care, while helping solve chronic staffing issues. From cutting down on operating expenses and the time it takes to craft an annual budget, AI has helped improve back-office functions for operators, while simultaneously improving […]
For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]
After joining forces with private-equity backing last year, Enquire, Glennis Solutions and Sherpa CRM have taken on a new name for the combined entity: Aline. In October 2022, the three companies were acquired by private equity firm Rubicon Technology Partners in a deal aimed at creating the industry’s first comprehensive, scalable end-to-end software solution for […]
Around 2017, a cardiothoracic surgery nurse at New York Presbyterian Hospital in New York City noticed that an inordinate number of patients who underwent surgery experienced a notably high number of adverse health outcomes. The reasons behind these outcomes were initially unclear, and they would be potentially hard to glean unless someone was monitoring that […]
The senior living industry is trending toward pre-pandemic norms — or at least, its priorities in technology are. That’s according to a new report from Chicago-based investment bank Ziegler. The report, released Monday, includes responses from representatives of more than 150 organizations. The new report identifies top areas of investment and lends evidence to the […]
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