With contributions from Tim Regan and Nick Andrews Rapid growth, innovative operating models and seasoned leaders who are still generating new ideas. These are among the factors differentiating some senior living providers from the pack, making them companies to watch in 2022. As the industry embarks on a critical re-building year, these providers are taking […]
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 […]
Brookdale Senior Living (NYSE: BKD) on Wednesday reported weighted average occupancy of 73.5% for November 2021, marking nine consecutive months of growth. November also was the first month of positive year-over-year growth for Brookdale’s weighted average occupancy since the Covid-19 pandemic began. Brentwood, Tennessee-based Brookdale is the nation’s largest senior living provider, with a portfolio […]
Omega Healthcare Investors (NYSE: OHI) has led a $30 million Series B funding round for fall management technology company SafelyYou. Omega also prepaid $10 million so that the real estate investment trust’s senior living and skilled nursing facilities can access the SafelyYou tech, which involves artificial intelligence to detect falls and video to review fall […]
True Connection Communities CEO Jim Pusateri’s career in senior living has spanned three decades — and he believes not much has changed, until now. “I was just talking to our teams at our meeting saying, ‘Honestly, I’ll have been in the industry for 31 years in May, and I don’t think it’s changed very much […]
As 2022 approaches, senior living providers are setting their annual rental rate increases — and many are going big. I’ve heard that message repeatedly during the past week, first in sessions and conversations at the NIC conference in Houston, and then in quarterly earnings calls. It’s a notable turnaround from this time last year, when […]
During the company’s quarterly earnings call on Oct. 15, Walgreens Boots Alliance CEO Rosalind Brewer described her family’s struggle to find and coordinate services for her mother, near the end of her life. With the launch of a new business segment called Walgreens Health, the retail and pharmacy giant aims to address those problems, including […]
Within about the last two years, JEA Senior Living was acquired by investment firm Access Industries and named a new CEO. Now, the Tumwater, Washington-based provider has rebranded as Sinceri Senior Living. “Since the company was founded, there have been countless changes in our industry and around the world,” said CEO Chris Belford, in a […]
One of the nation’s largest senior living operators will be smaller in the future, as Five Star Senior Living (Nasdaq: FVE) will soon exit management of 108 communities. With this recent news, now all three of the largest publicly traded U.S. senior living operators — Brookdale Senior Living (NYSE: BKD); Capital Senior Living (NYSE: CSU); […]
Real estate investment trust LTC Properties (NYSE: LTC) collected 92% of rent due in the second quarter of 2020, with most of the shortfall attributed to buildings operated by Senior Lifestyle Corp. Westlake Village, California-based LTC wrote off $17.7 million in straight-line rent receivable and lease incentive balances related to an affiliate of Senior Lifestyle, […]
