Providers’ Labor Costs to Soar Under New Overtime Rule

The U.S. Department of Labor (DOL) has dramatically increased the number of salaried workers eligible for overtime, sending senior housing executives—and business leaders in other sectors—crunching numbers and considering how to cope with labor costs that could skyrocket. Specifically, employers now may have to pay overtime to salaried workers making $47,476 a year ($913 a […]

Senior Care’s Goldilocks Dilemma: Operators Aim for ‘Just Right’ Size

Call it a Goldilocks problem. In the consolidating senior housing and care sector, providers are challenged to achieve the right scale—not too big, not too small, but just right. Integration problems have plagued Brookdale Senior Living (NYSE: BKD) since its mega-acquisition of Emeritus Corp. was finalized in 2014, leading some to pronounce that the company is too […]

How Standalone Providers are Marketing Memory Care

Some argue that senior housing has shifted toward becoming a health care business wrapped in a real estate bow. That holds especially true when it comes to memory care, where residents have distinct care needs—but if not real estate, then what exactly is memory care selling? At a quantitative level, memory care units tend to be smaller than […]

In the Pipeline: Senior Housing Construction Projects (2/25/16)

(Symphony of Chesterton, a Next Generation facility developed by Mainstreet and operated by Symphony Post-Acute Network in Chesterton, Ind. — Photo courtesy of Mainstreet) Construction: Planned Viamonte Senior Living CCRC Design Plans Approved in Calif.  California-based nonprofit Viamonte Senior Living recently received approval from the Walnut Creek Design Review Committee in Walnut Creek, Calif., for […]

Movers & Shakers: The Goodman Group’s New CFO

The Goodman Group Appoints New CFO Minnesota-based senior living developer and manager The Goodman Group promoted Clint Knacke to serve as the company’s chief financial officer. Knacke has been with The Goodman Group for almost 20 years, most recently as controller. He joined the company in 1996 as a retail accountant, and for the past […]

In the Pipeline: Senior Housing Construction Projects (11/29/15)

Construction: Planned Primrose Retirement Communities to Break Ground in Ind. On December 1, South Dakota-based Primrose Retirement Communities will begin construction on a new 110-unit senior living community in Newburgh, Ind. The multi-million project will include independent living, assisted living and memory care apartments as well as 10 townhome villas. An opening is expected in […]

In the Pipeline: Senior Housing Construction Projects (10/8/15)

(Rendering of SilverCreek on Main – Ryan Companies US, Inc. and SilverCrest Properties, LLC ) Construction: Planned Riverwood Retirement Management to Expand John Knox Village of Central Florida CCRC Orange City, Fla.-based Riverwood Retirement Management, Inc. will break ground in the next few weeks on an expansion project at John Knox Village of Central Florida, a […]

Senior Living Providers Adapt as ACA Costs Loom Large

Several facets of the Affordable Care Act come into play beginning in 2016, raising questions about how the law’s continuing implementation will impact the senior housing industry. A survey released earlier this year by the International Foundation of Employee Benefit Plans found that 33% of employers expect the greatest cost increase from the ACA to […]

Senior Housing News Summit 2015—Only 20 Tickets Left

Time is running out to purchase tickets to the 4th annual Senior Housing News Summit. Only 20 tickets remain for the one-day event featuring some of the top names in the industry. The July 16 Summit in Chicago will bring you business insight and access to leading executives in the senior living industry. Purchase your ticket before […]