The Covid-19 pandemic has created myriad problems for senior living providers. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. As Covid-19 outbreaks spike across the country and some states and local governments return to lockdowns, Senior […]
Senior Lifestyle Corp. and Brookdale Senior Living (NYSE: BKD) have high satisfaction among senior living decision-makers, while Life Care Services has satisfied independent living residents, according to the 2020 U.S. Senior Living Satisfaction Study from global marketing information services company J.D. Power. The study, which J.D. Power released today, measured resident satisfaction among the nation’s […]
Brookdale Senior Living (NYSE: BKD) President and CEO Cindy Baier touted a fresh round of aid from the federal government and new progress on the Covid-19 vaccine as signs that the company is on the right footing to weather the pandemic. Leaders with Brentwood, Tennessee-based Brookdale on Tuesday reported the company has received $67.5 million […]
Ventas (NYSE: VTR) has repositioned its portfolio in recent years, with a focus on life science and medical office — and now, its senior housing assets are bearing the brunt of negative effects from Covid-19. But, unlike one of its real estate investment trust (REIT) peers, Ventas’ leaders are committed to senior living going forward. […]
Leaders with Brookdale Senior Living (NYSE: BKD) are touting recent moves to improve operational and financial footing, and are keeping a long-term focus as the company’s occupancy rate has continued to slump amid ongoing Covid-19 pressure. The Brentwood, Tennessee-based company is the largest senior living operator in the nation, with about 726 communities. Brookdale is […]
The coronavirus pandemic has challenged senior living providers like perhaps never before — but it’s also given them a chance to reinvent the way they’re recruiting and retaining employees. Put another way, the pandemic and all of its pressures have acted almost as an “unscheduled audit,” according to Lilly Donohue, CEO of Winter Park, Florida-based […]
Covid-19 has changed the state of play, but that doesn’t mean other long-term forces have stopped shaping the senior living industry. In addition to a deadly pandemic, senior living providers must also contend with the evolving preferences of the baby boomers, along with the lingering effects of recent supply-demand imbalances in markets across the country […]
As wildfires burned millions of acres on the West Coast, senior living providers in the region grappled with another problem in addition to the pandemic: thick smoke and poor air quality. Last week, countless people along the West Coast woke up to “apocalyptic” orange and red skies as historic wildfires burned millions of acres of […]
March 17 was the day everything changed for Brookdale Senior Living (NYSE: BKD). In the months leading up to that day, President and CEO Cindy Baier had watched the novel coronavirus from afar as outbreaks spiked outside the U.S. She thought it might hit the provider like a severe flu season, causing days-long community lockdowns […]
Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]