Erickson Living will bring in $1 billion in revenue for the first time in 2018 and is preparing to gain even more scale in the years ahead. The Catonsville, Maryland-based provider is pursuing a nearly $2 billion pipeline of new developments over the next five years, while planning to invest an additional $400 million in […]
The National Assisted Living Quality framework released last month by health care real estate investment trust Welltower (NYSE: WELL) and Johns Hopkins Medicine (JHM) has the potential to establish a uniform set of best practices in assisted living and memory care communities across the country, and not just Welltower-owned properties. If that does indeed come […]
Welltower (NYSE: WELL) has released the results of a study conducted for the health care real estate investment trust (REIT) by Johns Hopkins Medicine (JHM) that may eventually establish best operating practices in assisted living and memory care communities across the country. The National Assisted Living Quality report is the result of a three-plus-year process […]
The assisted living industry is changing from a hospitality-based model to one incorporating more health care options to allow seniors to age in place. The shift in operational strategy comes as more seniors indicated they prefer assisted living to moving in with family members. The anticipated “silver wave” of baby boomers aging into assisted living […]
Argentum, the Alexandria, Virginia-based national association of senior living providers, announced it is launching a new initiative aimed at celebrating the contributions women have made to the growth and health of the senior living industry, and to bring more women into the fold. The initiative comes after an Argentum Quarterly report which showed women hold […]
Improving employee retention can bolster a senior housing community’s bottom line by reducing expenses, but it can also help drive up occupancy, according to a new white paper from industry association Argentum and consultancy Great Place to Work. For the white paper, researchers considered a hypothetical regional senior living operator with 1,500 employees, 20 communities, […]
The senior housing industry is on the brink of a major labor shortage—and the anxieties that this news has caused in industry executives are well-documented. Not all hope is lost, however. As it turns out, the senior housing industry may have a great deal to learn from hiring practices in the United States military, according […]
As baby boomers and their adult children begin to make senior living purchasing decisions in the coming years, those designing and developing the communities will need to prepare for a new consumer. And with the new consumer comes a new approach for providers: They should be thinking more like brick-and-mortar retailers than like traditional senior housing […]
A number of senior living community operators host events in their greater communities in the hopes of raising awareness among prospective residents—but in many cases, these events can, and should, be conducted differently. Specifically, some operators are not correctly employing the use of demographic data and knowledge about prospective consumers, according to Valerie Whitman, vice president […]
J.D. Power, best known for its consumer car ratings and research, has been making even more senior housing plans since it published its first-ever “Senior Living Satisfaction Study” in February. Soon, the global marketing information services company plans to roll out a senior living community certification program, as well as several regional senior living satisfaction studies, […]
