Senior living operators have radically changed the way they operate over the last few years. Looking ahead, it’s clear there are more changes to come as the industry sits at a crossroads between recovery and stagnation. The shift in the industry since the height of the pandemic has created a multitude of opportunities and challenges. […]
Discovery Senior Living
The dark clouds may be parting for the senior living labor market, but persistent pain points are causing operators to temper their enthusiasm regarding 2023. “I’m going to surprise people,” Discovery Senior Living CEO Richard Hutchinson said on stage at the 2022 Senior Housing News BUILD conference in Chicago last month. “I actually like our […]
At our annual BUILD event last week, The Springs Living CEO Fee Stubblefield quipped: “You guys may want to consider changing your name to HOLD instead of BUILD, with what’s going on in financial markets.” Fee’s comment captured one message that came through strongly at the event, which is focused on senior living development and […]
Discovery Senior Living is catering to the evolving preferences of the incoming baby boomer generation with a new brand of experience-focused communities called Choreograph. As planned, Choreograph communities will focus on experiences it can curate for residents. For example, the Bonita Springs, Florida-based company is opening a new community near the University of Florida in […]
The need for more size and sophistication in the age of Covid. A senior living M&A market that is tilting toward buyers. The end of “extend and pretend.” These are just some of the forces pushing more senior living operators to consider joining forces in 2022 through mergers or acquisitions. But when I spoke with […]
In an ever-changing industry where financial challenges are numerous, some senior living operators are taking different and forward-thinking approaches to finding new and untapped ancillary revenue sources — and they are reaping the benefits. In the midst of rising costs and outside pressures eating into operators’ bottom lines, some are adopting pay structures that offer […]
In 2018, Discovery Senior Living CEO Richard Hutchinson had a vision for the future of the company — and for the industry. Four years later, he is executing on that vision with major plans underway and new partners in tow. On Wednesday, the company announced a new recapitalization with Coastwood Senior Housing Partners and Lee […]
Lee Equity Partners and Coastwood Senior Housing Partners have agreed to make a major investment in a recapitalization of Discovery Senior Living, one of the nation’s largest operators. The Oct. 2 transaction, which was announced Wednesday, is part of a new venture to support the expansion of Discovery Senior Living’s national portfolio. Discovery did not […]
Memory care is among the senior living industry’s most quickly changing sectors, and each year operators gain new tools to delay and treat Alzheimer’s and other forms of dementia. With so much new evidence on memory care best practices, not to mention a new generation of consumers on the way, many senior living providers including […]
Brookdale Senior Living (NYSE: BKD) is still the nation’s largest senior living operator — but others are catching up, as the industry is still rife with disruption, according to Argentum’s 2022 Largest Providers Report. The report, released Wednesday, was compiled in partnership with real estate finance firm Lument. It ranks U.S. senior living operators in […]