Covid-19 proved, above all, that senior housing is a health care product. As the industry moves toward a post-pandemic environment, however, many assisted living providers still grapple with balancing health care with hospitality. Striking the right balance is imperative as more seniors enter the space with multiple chronic conditions. Assisted living providers with standardized approaches […]
Insurance giant Humana (NYSE: HUM) will pay approximately $5.7 billion to take full ownership of the nation’s largest home health provider, Kindred at Home. The transaction values Kindred at Home at $8.1 billion; Humana holds an existing equity value of $2.4 billion — a 40% stake — through a deal executed in 2017 with private […]
Senior living executives routinely tell me that the sector’s biggest competitive threat is at-home care, which enables older adults to avoid moves into communal settings. If that’s true, senior living leaders should be quaking. While they strive to regain their financial and operational footing, capital is pouring into the at-home care space. In just the […]
For Eclipse Senior Living CEO Kai Hsiao, the Covid-19 pandemic has proven that scale matters. He’s been getting more calls from mom-and-pop operators under stress, thinking about how to make an exit from the industry. And he notes that providers historically have not needed to have cash reserves to handle all the costs that the […]
During our recent virtual Sales Summit, Oakmont Senior Living COO Matt Stevenson said something that caught my attention: “When we look in most markets, we’re hovering around 10% to 11% penetration … to fully recover as an industry, we’ve got to get that to 15% levels.” His point was that, with the vaccine rollout enabling […]
The recent acquisition of 16 communities from Healthpeak (NYSE: PEAK) was the largest transaction in company history for Discovery Senior Living and marks the start of a strategic shift for the provider, to a structure of regional brands. The deal was publicly announced last week by Irvine, California-based Healthpeak, which is a real estate investment […]
A transaction announced last Friday provides another sign of the increasing role of special purpose acquisition companies (SPACs) in shaping how older adults receive care and services. SPACs — also known as “blank check companies” — raise capital in public offerings, with the purpose of acquiring companies with high growth potential. SPACs have been very […]
As calendars flip to December, the exercise of reflecting on the past year and planning for the future is more necessary — and more difficult — than ever. How to sum up a year marked by Covid-19, protests for racial justice, and a presidential election, among other changes and upheavals? And what lessons can be […]
Eclipse Senior Living is forging ahead with a new dedicated effort to boost its workforce diversity — and hopefully set an example for the rest of the industry to follow in the process. The Lake Oswego, Oregon-based company earlier this year launched a campaign called IDEA, which is based on four cornerstones: inclusion, diversity, equality […]
The Covid-19 pandemic has created myriad problems for senior living providers. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. With Covid-19 surging in markets around the country, we kick off the series by asking: How do […]