Welltower Cautiously Optimistic as Senior Housing Occupancy Rises

Despite ongoing senior housing headwinds, executives with Welltower (NYSE: WELL) are encouraged by occupancy increases that occurred in the fourth quarter of 2018. “We’re cautiously optimistic about the recent performance of our senior housing operating portfolio,” Executive Vice President and Chief Investment Officer Shankh Mitra said Tuesday, on an earnings call with analysts and investors. […]

Sunrise Achieves 27% Reduction In 90-Day Turnover with Artificial Intelligence Platform

When Sunrise Senior Living’s management had its first introduction to Baltimore-based data analytics firm Arena about two and a half years ago, they were intrigued and also perhaps a little unnerved by the company’s flagship predicative hiring technology. “Chris Winkle, our CEO, and I listened in on a call with Mike Rosenbaum, who’s the CEO […]

Benchmark’s Future Is Outside New England, Embracing Disruption

Benchmark Senior Living has long been one of New England’s largest senior housing operators. Now the firm is setting its sights outside the northeast. The Waltham, Massachusetts-based provider recently opened Whisper Woods of Smithtown, a $25.5 million assisted living and memory care community with 130 assisted living and memory care units in Smithtown, New York. […]

Providers Using Same Tech as Amazon, Netflix to Lower Staff Turnover

What do Netflix (Nasdaq: NFLX), Amazon.com (Nasdaq: AMZN) and senior housing providers like Benchmark Senior Living have in common? They’re all using predictive analytics to meet their respective goals. In the case of Netflix, the goal is to correctly guess consumers’ viewing preferences. For Amazon, it’s to drive sales by suggesting appealing products for specific people to purchase. […]

Sunrise Slashes Turnover Using Predictive Analytics in Hiring

Sunrise Senior Living has been testing predictive analytics to make smarter hiring decisions, greatly improving retention among participating new workers. The McLean, Virginia-based operator now plans to roll out the system on a larger scale next year. Sunrise is the fourth-largest senior housing provider in the nation, with 27,125 units, according to a recent ranking […]