Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]
Eclipse Senior Living
Sagora Senior Living is taking over management of a dozen middle-market senior living communities once operated by Eclipse Senior Living, the national operator that is ceasing operations in early 2022. The addition of the 12 properties — located in Florida, Illinois, Oklahoma, West Virginia, New York, Ohio, North Dakota, Mississippi and Texas — brings Sagora’s […]
The impending closure of Eclipse Senior Living and the transition of its 90 communities to eight other operators is the latest upheaval to the industry, after nearly 20 months of pandemic-related disruption. Lake Oswego, Oregon-based Eclipse’s closure is obviously bad news, with 171 employees losing their jobs and shares of its real estate investment trust […]
Eclipse Senior Living, one the largest providers in the United States, plans to permanently shut down. The Lake Oswego, Oregon-based operator has notified the state of Oregon about plans to shutter the company, in accordance with the Worker Adjustment and Retraining Notification Act (WARN). Senior Housing News obtained the company’s letter to the state Monday. […]
Developing enough middle-market senior housing to meet anticipated demand over the next decade is shaping up to be a daunting challenge, for myriad reasons. Senior living providers are taking on the challenge with operational innovations, but external forces such as market conditions and regulations also play a significant part in helping or hindering these efforts. […]
With vaccination rates high and occupancy starting to tick up, now is the time for senior living providers to reevaluate their plans for the future in light of Covid-19. “If you haven’t focused on strategic planning because you’ve been in the middle of Covid, we totally understand that — but now is the time to […]
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 […]
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