Senior living providers across the country are taking steps to guard against COVID-19 and have protocols in place should the novel coronavirus infect residents or staff members. But the situation is most urgent for providers with a significant footprint in Washington state, where the first U.S. coronavirus deaths occurred and where the virus has already […]
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Christian Living Communities (CLC) President and CEO Terry Rogers is stepping down from his post at the Englewood, Colorado-based senior living provider and leaving for warmer weather. In April, Rogers will take on a new role as CEO of Orlando, Florida-based senior living nonprofit Westminster Communities of Florida. The organization has 22 senior living locations […]
A small Wisconsin Catholic university will break ground this summer on a $45 million intergenerational housing development combining independent and assisted living for seniors and nuns, with housing for single mothers pursuing degrees at the school. The development at Mount Mary University in Milwaukee will serve the dual purposes of establishing a support system for […]
Healthpeak Properties (NYSE: PEAK) may have changed its name in the third quarter of 2019, but the revamping of its senior housing portfolio that began when it was known as HCP is still a work in progress — one that President and CIO Scott Brinker compared to surgery Wednesday during the company’s fourth quarter and […]
Private equity investment in senior housing has gained momentum over the last several years and could reach new heights in 2020 — which might spell trouble for the industry down the road. Specifically, some private equity funds may be coming to the space for the first time with unrealistic expectations, which could result in a […]
Misty Hansen was not expecting a job offer when she met with Watermark Retirement Chairman David Freshwater and CEO David Barnes about four years ago. But, in the middle of their meeting, David Barnes said he had a bright idea: Hansen should come on board as the company’s CFO. After an early career stint with […]
When it comes to senior living communities, bigger is sometimes better. But as senior care innovator Dr. Bill Thomas remarked last year, the so-called “big box” model of senior living is no longer the only option for residents. Architects, capital providers, operators and entrepreneurs are exploring new concepts for smaller, more intimate styles of senior […]
A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]
Continuing care retirement communities (CCRCs) around the country are facing a potential Medicaid policy change that could result in new tax bills running to six or seven figures — and their residents are speaking out. The potential change stems from a proposed rule issued in Nov. 2019 by the Centers for Medicare & Medicaid Services […]
Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]
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