Ascension Living has named a seasoned health care and senior housing and care industry veteran to its top leadership role. The St. Louis-based senior living operator, which is part of non-profit Catholic health system Ascension, on Tuesday announced Christopher Caserta has taken the reins as CEO. By taking the CEO role, Caserta is assuming a […]
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Welltower (NYSE: WELL) has updated its annual guidance, a sign that the real estate investment trust has a more rosy view of the senior living industry’s recovery. In a business update issued Tuesday, Welltower reported it now expects to achieve normalized funds from operations (NFFO) in a range of $3.43 to $3.56 per diluted share […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned The Arbor Company announces new luxury project The Arbor Company with Braemar Partners recently announced plans for a new senior living community that is […]
Sales Senior Living Investment Brokerage Facilitates Portfolio Sale in the South Senior Living Investment Brokerage (SLIB) announced it played a role in the sale of three senior living communities – two in Georgia and one in Tennessee. In all, the three communities comprise 228 of AL and memory care and were built in either 1999 […]
Artis Senior Living finds itself with fuller pockets after a $40 million equity raise this week. The move comes about six weeks after CEO Josh Krull announced on LinkedIn that he would be taking the reins as the chief executive. The news of the equity raised is according to a filing with the Securities and […]
Kaiser Permanente on Wednesday announced it is acquiring Geisinger and folding it into a new entity, Risant Health, in a deal that could have wider implications for how care is delivered in senior living communities. With the deal, the terms of which were not disclosed Wednesday, Danville, Pennsylvania-based Geisinger will keep its name and mission […]
Senior living operators across multiple care types have increased resident rates between 8% and 10% through the first quarter of this year, according to LivingPath data. The dataset from LivingPath — an online platform that provides pricing and other data for senior housing communities — shows that independent living rates grew between 8.7% and 9.1% […]
Some months back, a group of Priority Life Care employees created a burner email address and emailed Sevy Petras, the company’s chief executive. In the email, the employees had an urgent message to share: Though they were aware of the company’s new rule of not using agency labor, they said some positions in their community […]
A forward-thinking life plan community in the senior living hotbed of Lancaster, Pennsylvania,is gearing up for future growth, both at its existing campus and new locations. The sweeping life plan community, Willow Valley Communities, is among the largest LPCs in the U.S., according to the 2022 LeadingAge Ziegler 200 report. All told, Willow Valley Communities […]
Cost inflation, supply chain difficulties and wage pressures have led to a tough expense landscape for senior living operators. In early 2023, some of those pressures are easing, while others are stubbornly holding on. Take the price of oranges, for example. The cost of the citrus fruit is expected to be “extremely high” this summer, […]
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