Cedarhurst Senior Living is expanding its memory care programming while creating a new dementia care-focused training program to improve service to older adults living with cognitive decline. Regional directors began overseeing life enrichment departments at its communities, and developed a new memory care training program based on evidence-based dementia research. The four-hour intensive training program […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress Oakmont Management Group continues to grow Ivy Living Oakmont Management Group continues to grow […]
This article is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned New affordable project announced in Massachusetts for 2Life Communities 2Life Communities announced an affordable senior living […]
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Last year, Diversified Healthcare Trust (Nasdaq: DHC) transitioned more than 100 senior living communities from Five Star Senior Living to 10 other operators. That effort started to bear fruit in the first quarter of 2022, according to the company’s top executives. Occupancy for the 107 communities increased approximately 100 basis points in the first quarter […]
Doubts about the viability of standard management fees in senior living are increasing and — after years of debate and hand-wringing — the time has come for a more sustainable contract. As investors pour capital into the industry and owners continue to assemble portfolios, some are forging management agreements with new operators. For owners and […]
The senior living industry is grappling with a historic staffing crisis in 2022 — and turnover among executive directors is exacerbating the issue. As leaders of their communities, executive directors are responsible for smooth operations in everything from infection control and sales and marketing to resident satisfaction and employee recruitment and retention. An executive director […]
Last month brought news that non-traded REIT Healthcare Trust would transition 20 senior living communities managed by Cedarhurst Senior Living to other operators. This portfolio change is part of a comprehensive effort that Cedarhurst is undertaking, which involves new strategies and operational practices shaped by the challenges and disruptions of the last two years. “We […]
The expansion of regional senior living providers has been an ongoing trend in 2021. Some of these companies are gaining so much scale, they are becoming “super regionals.” I’ve heard the term “super regional” increasingly this year, including at the recent Argentum conference. This chatter makes sense, as transactions in the last few months have […]
Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]
