Senior living operators and owners need to work together in better alignment to achieve outcomes in 2024 and beyond This is not a controversial statement, and the issue of better owner-operator alignment has been a hot topic for several years. But discussions last week at our Capital & Strategy conference showed that the industry is […]
12 Oaks Senior Living
The senior living industry is in a state of flux in 2024 as operators look to stick the landing on their pandemic recovery, all while growing for the future. Doing both at the same time is hard. On the one hand, average occupancy rose to 85.6% in the first quarter of 2024, and is on […]
This article is available as part of your SHN+ membership. Following a strong performance in 2023, 12 Oaks Senior Living is looking to keep that momentum going through this year as well. That’s according to President Greg Puklicz, who told Senior Housing News the company was able to grow its portfolio to 38 communities and […]
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Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
A new year always brings new challenges and opportunities. In 2024, the senior living industry will have plenty of both. The senior living sector endured a hard year in 2023, starting with multiple stories of operators shutting down or in distress, and ending with assisted living being slammed in the recent Washington Post series. But […]
This story is part of your SHN+ subscription As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins. The demand outlook for senior living is favorable for […]
This article is part of your SHN+ subscription Senior living operators have for the last three years felt the sting of higher expenses in their annual budgets as certain line items remain costly. Looking ahead, many operators do not see that changing. While staffing still makes up the lion’s share of most operators’ expenses, the […]
This article is part of your SHN+ subscription Senior living providers are staying aggressive on rates as they look ahead to 2024, carrying over yet again another year of substantial increases while attempting to not impact occupancy figures. From right-sizing rates for a specific market footprint to enacting blanket rental rate increases across an entire […]
Staffing is turning a corner in 2023, and with a new year just over the horizon, senior living operators are taking advantage by honing strategies to boost retention and hiring. Companies including Commonwealth Senior Living, Atria Senior Living and 12 Oaks Senior Living are finding success trimming the use of staffing agency workers and bringing […]
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