To determine the future of the senior living industry, one need not look further than the recent merger between Ally Senior Living and Onelife Senior Living. That is the opinion of Dan Williams, former CEO of Ally Senior Living. Ally merged with Onelife in late February that brought together two small, but growing, senior living […]
Ally Senior Living has merged with Onelife Senior Living, creating a company with a portfolio of 19 communities in eight states. The combined company, which is keeping the Onelife Senior Living name and branding, is ready to grow via ownership acquisition and third-party management contracts. Former Ally Senior Living CEO Dan Williams and Onelife Senior […]
This article is part of your SHN+ subscription The senior living industry is gearing up for yet another year of sizable rate growth, representing the third significant increase since the start of the pandemic in 2020. But this time is different, as we reported this week. Senior living residents and their families have already endured […]
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 […]
After margins hit a near-low point in late 2022, senior living operators have spent 2023 strengthening their bottom line with hopes that growth will continue into the new year. In many cases, margin gains have been a direct result to operators improving census across their portfolios, shoring up labor pressures and increasing resident market rates. […]
The memory care sector of the senior living industry is expected to see a big uptick in demand in the coming years — as long as operators can keep their heads above water with regard to staffing. Operators in 2023 have laid ambitious plans to recover and grow beyond pre-pandemic occupancy and margins. Workers are […]
Senior living providers are more focused than ever on providing high-quality health care — and finding ways to be compensated for doing so. This is driving investment in clinical capabilities and pushing the industry to a tipping point on value-based care. These are among my takeaways from the recent American Seniors Housing Association (ASHA) meeting […]
Margin compression is forcing senior living providers to reconsider some of the most fundamental aspects of the traditional operating model. This was one takeaway from the American Seniors Housing Association (ASHA) conference that took place earlier this week in Scottsdale, Arizona. Covid-related margin pressure has been exacerbated by cost inflation and staffing pressures. After two […]
A new senior living operator centered on providing memory care has a new capital partner and plans to grow by turning around distressed communities. The Dallas-based operator, Ally Senior Living, will have four communities under operation in June. But the company is poised to grow in the months to come, as it has partnered with […]
