Juniper Communities has set a goal to increase care revenue by three percentage points on a company-wide basis in 2023. Welltower (NYSE: WELL) worked with one of its operators to drive a 74% increase in care revenues between Q4 2021 and Q4 2022. As these examples demonstrate, companies are getting creative in finding new ways […]
The failure of Silicon Valley Bank (SVB) last week could bring added challenges to senior living capital markets, and make an increasingly difficult lending environment even tougher throughout the remainder of the year. The SVB failure is the second largest bank failure in U.S. history, with the bank primarily serving tech investors and venture capital […]
Margins have taken precedence as a top industry issue in recent years as operating costs have skyrocketed. But that doesn’t mean pre-pandemic margins are out of reach. To Cogir USA CEO David Eskenazy, senior living operators still have a chance to regain margins in excess of 40% — the catch is, it won’t come easy. […]
One of the 10 most-read stories on Senior Housing News last year was our coverage of the Cogir and Cadence merger, announced in November. In 2023, expect more deals of this type — and larger ones — to reshape the senior living operator landscape. In fact, Senior Housing News today broke the news of Solvere […]
Despite senior housing net operating income approaching pre-Covid levels in the second quarter of 2022, Welltower (NYSE: WELL) CEO Shankh Mitra sees those results as “mediocre at best.” But that is not because he believes the company’s senior housing partners did especially poorly during the quarter. Instead, he sees a much longer runway for unlocking […]
Welltower (NYSE: WELL) is transitioning a 12-property senior living portfolio to operating partners Oakmont Senior Living, Kisco Senior Living and Cogir Management USA. The portfolio spans 2,000 assisted living units in the Los Angeles, San Francisco and Seattle metro areas, and includes more than half of the communities Welltower purchased from Vintage Senior Living for […]
Senior living operators have been enacting changes in operations since the Covid-19 pandemic began, but some adaptations have been fleeting while others have proven longer-lasting. Recent conversations with several executives — including with large providers such as Brookdale, Frontier and Senior Lifestyle — highlight that operators now have committed to new practices across essentially every […]
Cogir Management USA is in growth mode, undertaking its first ground-up development project and also acquiring new buildings, all while enhancing and highlighting its approach to care. In fact, CEO David Eskenazy believes that one positive legacy of the Covid-19 pandemic is that providers are no longer trying to hide their health care capabilities from […]
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 […]
David Eskenazy, former president of Merrill Gardens, has been named CEO of Cogir USA, effective immediately. Eskenazy takes on this role as Cogir USA expands, having recently added five buildings formerly operated by Sunrise Senior Living, with further management agreements and development plans in the works. After departing Merrill Gardens in 2019, Eskenazy joined Cogir […]
