This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]
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Margins and occupancy are on the upswing for Pennant Group (Nasdaq: PNTG), and CEO Brent Guerisoli believes the company’s focus on cultivating “local CEOs” at the community level is a big reason why. Occupancy for Pennant’s 36 senior living communities ticked up to 78% in the second quarter of 2023, reflecting a gain of 150 […]
This article is a part of your SHN+ membership Last week, Welltower (NYSE: WELL) announced it was moving to dissolve its joint-venture partnership with Revera and sell its ownership stake in Sunrise Senior Living in favor of launching a new management platform with Cogir in Canada. Welltower is rolling out the operating platform in parts […]
Operational trends at Omega Healthcare Investors (NYSE: OHI) are moving in the right direction, according to CEO Taylor Pickett. That said, the company is still working with its operating partners on various challenges affecting their ability to pay rent. In the second quarter of 2023, the company posted adjusted funds from operations (FFO) of $183 […]
Success in senior housing requires operators to understand the individual business risk trends that are composing the bigger picture — today, in 2024, and beyond. These trends include economic inflation, catastrophic risk, corporate governance, litigation and cyber risk, and can lead to higher costs of goods and services, supply chain disruptions, greater scrutiny of business […]
The combination of Fairview Health Services and Sanford Health will not go forward as planned. Sanford Health announced on July 27 that it was discontinuing its merger process with Fairview Health Services. The merger, announced late last year, would have potentially led to the combination of Evangelical Lutheran Good Samaritan Society and Ebenezer, two of […]
Watermark Retirement Communities is working with Curana Health in a partnership that will bring value-based care arrangements to onsite community clinics as well as into older adults’ homes. Watermark and Curana are now collaborating on six onsite clinics at Watermark communities in Florida, Texas, and Pennsylvania, Curana announced today. The companies also have plans to […]
Randall Bufford, CEO of Synchrony Health Services and founder of Trilogy Health Services, is stepping back from his leadership role amid a planned “reintegration” of the ancillary services provider. According to an announcement published Tuesday, Synchrony is joining Trilogy as a business unit rather than remaining a separate company subsidiary. Bufford is dropping his CEO […]
While most senior living operators across the country are still seeing worker shortages, conditions seem to be improving overall. That’s according to a new survey from the National Investment Center for Seniors Housing & Care, which included responses from owners and executives of 39 small, medium, and large senior housing and care companies. Responses were […]
Recruiting and retaining employees has become increasingly challenging for senior living providers, leading many to rely on agency sources to fill workforce gaps. Yet some organizations have been able to get at the problem at the ground level and avoid agency use all together. “At the beginning of the pandemic, to the middle of the […]