“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 […]
Coworking companies such as WeWork, Spaces by Regus and MakeOffices have redefined the office real estate landscape, and senior living companies of all sizes are benefiting from the disruption. Smaller scale or startup companies in senior living are using coworking offices to establish a professional office environment — complete with technical infrastructure and flexible lease […]
Social isolation. Dementia support. Pain management. Staff training. Today, senior living operators are starting to look at virtual reality as a piece of the solution to these challenges — and they’re starting to spend real money on it. In the new report, “Inside The Rise of Senior Living Virtual Reality,” Senior Housing News spoke with […]
As the partnership between Atria Senior Living and real estate developer Related Cos. continues to take shape, Atria CEO John Moore remains committed to the multi-brand portfolio approach — and he says an expansion is on the way this year. Currently, Atria operates communities under three brands, and Moore believes the company will reach five […]
After a decade of whispers, trials, pilots and promise, virtual reality (VR) now seems on the precipice of a boom in senior housing and senior care settings. A bevy of companies have cropped up over the past five years to tailor VR solutions directly to senior living. VR is now helping operators address age-old challenges […]
When leaders with non-profit Vincentian Collaborative System began conceiving a new 91-unit independent living community, they did the math on smart tech and realized that sooner is better. The community Terrace Place, which opened April 1 in the Pittsburgh suburb of North Hills, is a $19-million project, with a smart technology offering that cost between […]