There are few things people may consider “sexy” about the senior housing industry, or for that matter, any business dedicated to serving the country’s aging and most frail population. But cue the Justin Timberlake: When it comes to attracting new expertise to work in this sector, enhancing the appeal of senior living is critical to […]
A bill that will provide oversight of two dozen Washington continuing care retirement communities (CCRCs) has been approved by state lawmakers. The bill is among a wave of legislation that aims to increase regulations on CCRCs nationwide. Current state laws in Washington do not regulate CCRCs, but assisted living and skilled nursing components of facilities […]
Welltower Foundation Launches to Promote Wellness Welltower Inc. (NYSE: HCN) launched the Welltower Foundation, an organization aimed at promoting wellness, encouraging a high quality of life for aging populations and supporting other groups and innovations that do the same. Erin Ibele has been named president of the foundation. The foundation’s first course of action is […]
Construction and renovation projects remain popular plays for senior living providers in the year ahead, but their interest in such forays has slightly decreased, according to recently released findings from investment banking and financial advisory firm Lancaster Pollard. The survey, distributed in December, includes responses from 295 senior living providers. About 70% of respondents said […]
A shortage of skilled workers has driven labor costs for senior living construction projects upward, causing some contractors to even turn down work or be more picky in the projects they choose. While the labor issue continues, material prices remained relatively stagnant in January after registering as costlier in August, according to a report released Wednesday. […]
Willis will be hosting their annual Senior Living Conference on November 3rd and 4th, 2015. The conference will be held in Chicago at the Willis Tower and will include a networking dinner and roundtable discussions to allow the group to interact and share best practices. This conference is designed for and by existing Willis Senior […]
National Health Investors (NYSE: NHI) will not be “changing its stripes,” but its new CEO is aiming for growth by putting boots on the ground in new regions and being more proactive about opportunities in the real estate investment trust’s own backyard. Portfolio diversification is another goal, as the new leader is exploring what he terms […]
The clock is ticking on a bill sitting on Governor Edmund Gerald “Jerry” Brown’s desk with an Oct. 11 deadline, which would increase regulations for continuing care retirement community entrance fee repayments. Providers are warily watching what will happen in Sacramento, as many believe that legislative changes such as this one could upset standard business models […]
In yet another demonstration of the huge scale Brookdale Senior Living (NYSE: BKD) achieved by acquiring rival Emeritus last year, the company seized the No. 1 spot—with a bullet—on the American Seniors Housing Association’s annual rankings of the largest senior housing owners in the United States. Brentwood, Tennessee-based Brookdale now owns 976 properties, totaling 82,356 […]
As senior living aims to be taken more seriously across an evolving health care landscape, today’s providers recognize that it’s all about measuring outcomes. Five Star Senior Living (NYSE: FVE) is taking a new approach to that measurement not through the usual channels, but by re-envisioning its wellness program across hundreds of communities. The fourth […]
