Leaders with Brookdale Senior Living (NYSE: BKD) see the operator on the cusp of a “supercycle” that will see its occupancy and rate growth pick up momentum in 2023. After single-digit rent increases in 2022, the nation’s largest senior living operator is gearing up to raise resident rates more than 10% in 2023 at “significant […]
Last week ended with the news that Brookdale reportedly is considering a sale of the company. A Brookdale sale would radically change the senior living industry. But such a transaction would not be a shock, considering how many times in the past the Brentwood, Tennessee-based company has appeared ready to change hands. And those past […]
Brookdale Senior Living’s (NYSE: BKD) share value jumped Friday after a Bloomberg report that the nation’s largest senior living operator is exploring a sale of the company. The Brentwood, Tennessee-based company is engaged with financial advisors on finding possible buyers, according to a report from Bloomberg citing “people familiar with the matter.” Brookdale stock traded […]
Senior living operators and real estate investors — including industry giants such as Brookdale Senior Living (NYSE: BKD) — are increasingly prioritizing ESG projects with an understanding that the long-term benefits will make for healthier, more profitable companies. ESG stands for the environmental, social and governance portion of business planning and operations. With an increasing […]
At the start of 2022, I argued that senior living industry giants were facing a defining year. As we enter the fourth quarter, I anticipate that there are some big moves still to come from some of the largest operators in the sector — driven by new leaders at some companies, and driven at other […]
The senior living industry is in a tough spot and will be for the immediate future, facing challenges that could impede longer-term success unless more innovation flourishes across the sector. This is one of my main takeaways from last week’s National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. The good […]
Changing consumer preferences with the arrival of the baby boomers. The middle-market. Rising expenses. Evolving resident care needs. The senior living industry is in the midst of a host of changes creating new challenges and opportunities for operators. A melange of forces are driving that change, from the pandemic to a historic labor market and […]
Pine Park Health is expanding its value-based health care model further into the affordable senior housing sector. Pine Park Health Chief Commercial Officer Dan O’Neill announced last week on LinkedIn that the company has expanded its value-based, in-home primary care model to serve nearly 400 more residents in Northern California. Pine Park currently operates in […]
Fortune Magazine’s annual Best Workplaces in Aging Services list is once again populated by some familiar faces. Baltimore-based Brightview Senior Living took the No. 1 spot on this year’s list, while Chicago-based Vi was third on the list. Long-term care provider Citadel Healthcare was this year’s runner-up. The annual list ranks the top aging services […]
Leaders across the industry are paying tribute to former Brookdale Senior Living (NYSE: BKD) CEO and late senior living pioneer Bill Sheriff. Sheriff died early on the morning of Aug. 27, according to an email update from American Seniors Housing Association (ASHA) President and CEO David Schless. “Bill personified leadership and service at the very […]
