As the partnership between Atria Senior Living and real estate developer Related Cos. continues to take shape, Atria CEO John Moore remains committed to the multi-brand portfolio approach — and he says an expansion is on the way this year. Currently, Atria operates communities under three brands, and Moore believes the company will reach five […]
Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]
Now is the time to think big about how senior living can serve a rapidly expanding middle-income market. “It’s a time to throw spaghetti against the wall,” Beth Burnham Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC), told Senior Housing News. Mace is a co-author of a newly released […]
Senior living is in a period of tremendous change and upheaval. Providers must accept this and get creative if they are to survive and thrive, five senior living executives said this week at the Argentum conference in San Antonio. “I think the common theme is change — change in how we operate, change in […]
Some of the nation’s largest insurance companies might acquire senior living providers in the years ahead, in a quest to more effectively manage the health and wellness of their Medicare Advantage (MA) beneficiaries and keep costs in check. That was an idea floated Tuesday by Eclipse Senior Living CEO Kai Hsiao and former U.S. Health […]
More women hold senior management positions in senior living than in other U.S. industries, but that does not hold true all the way to the top executive roles. Specifically, about 70% of senior management positions in senior living are held by women, compared to an average rate of about 56% of these positions being held […]
In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]
Kai Hsiao had a vision. Like many in this industry, Hsiao, CEO of the Portland, Oregon-based Eclipse Senior Living, sought improvement in his company’s penetration rates. While this has always been a focus of senior housing leaders, the impending wave of baby boomers changes the equation. Boomers, by virtue of their generational profile, will be […]
In founding Eclipse Senior Living in 2017, CEO Kai Hsiao wanted to leverage his experience in both senior living and hospitality to build an innovative operating platform. Innovations are needed, he believes, to reach the “unspoken 88%” of older adults who find current senior living options unappealing. Now, with a portfolio of about 100 communities […]
In 2019, senior living providers need get over a “me first” mentality and get collaborative. Occupancy will remain stagnant and workforce challenges will grow more complicated, but changes in the U.S. economy and health care system could alleviate some pressures and create business opportunities. However, to take advantage of opportunities, providers might need to “detonate” […]
