With smaller labor pools and limited base of potential customers, secondary and tertiary markets are not for the faint of heart. But that doesn’t mean operators are overlooking them. Operators including Frontier Senior Living and Charter Senior Living are targeting smaller, more fragmented markets for growth with the belief that they can succeed with a […]
This article is part of your SHN+ subscription. It seems like value-based care is everywhere in senior living – but managing the risk and reaping the rewards is not as easy as it looks. In 2024, value-based care has become “somewhat of an amorphous term,” according to Kim Elliott, senior vice president and chief nursing […]
Tom Grape is the Chairman and CEO of Benchmark Senior Living, a health care service community that offers assisted living, independent living, memory care, skilled nursing and respite care. In his Hot Seat interview, Grape gets personal by sharing his favorite mantra, his most important people management principle, his favorite morning drink (hint: it’s not […]
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More choices, healthy fare, more casual dining — these are among the top ways that senior living operators are preparing to feed the baby boomers in 2024 and beyond. In recent years, senior living operators have put a lot of thought into what the boomers are going to want out of senior living communities. Many […]
At our annual BUILD event last week, The Springs Living CEO Fee Stubblefield quipped: “You guys may want to consider changing your name to HOLD instead of BUILD, with what’s going on in financial markets.” Fee’s comment captured one message that came through strongly at the event, which is focused on senior living development and […]
Repositioning is not a new trend in the senior living industry, but it is one that could gain momentum in the latter part of 2022 and into 2023. There are a few reasons why. The U.S. Federal Reserve has made several recent rate increases with potentially more on the way, which, in combination with rising […]
Benchmark has for years made a name for itself as a regional operator in the Northeast. Now, the operator is expanding significantly farther south for the first time in its 25-year history. The Waltham, Massachusetts-based senior living operator announced this week that it is working on a senior living community in Alexandria, Virginia, which is […]
The senior living industry is on track to be “crushed” by middle-market demand. Those are the words of Innovation Senior Living CEO Pilar Carvajal, who spoke with me for the Senior Housing News Transform podcast in May. “It’s actually an opportunity of a lifetime that I don’t know if our industry is going to be […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
