By: Zahida Siddiqi Sanford Health is through subsidiary Evangelical Lutheran Good Samaritan Society planning a $200 million continuing care retirement community (CCRC) as part of a larger expansion into the space. The Good Samaritan Society executives told Senior Housing News sister site Skilled Nursing News that the funding for the project is an outcome of […]
Evangelical Lutheran Good Samaritan Society
National Senior Communities, the Evangelical Lutheran Good Samaritan Society and Presbyterian Homes & Services have again landed at the top of the annual LeadingAge Ziegler 200 report, which was released Thursday. The annual report, now in its 20th release, ranks the largest senior living nonprofits in the country by various measures, including total unit count. […]
The combination of Fairview Health Services and Sanford Health will not go forward as planned. Sanford Health announced on July 27 that it was discontinuing its merger process with Fairview Health Services. The merger, announced late last year, would have potentially led to the combination of Evangelical Lutheran Good Samaritan Society and Ebenezer, two of […]
So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]
Hospital systems across the United States are pursuing strategy shifts that are starting to reshape senior living market dynamics and suggest new operating models. Health system ProMedica shed nearly all of its skilled nursing facilities while holding onto its private-pay memory care portfolio, in a recently announced deal involving Welltower (NYSE: WELL). And about two […]
True Connection Communities CEO Jim Pusateri is excited about the potential synergies between traditional senior living providers and manufactured housing communities — and he is in a position to drive such innovations. That’s because True Connection is owned by private equity firm Green Courte Partners, which also owns a manufactured housing portfolio. “That’s one of […]
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“When you’re in a chaotic environment, you white-knuckle the status quo. We just can’t do that. We really have to think about what is the ‘new next’ that we are going towards.” Those are the words of Sequoia Living President and CEO Sara McVey, and they capture a common sentiment among other top executives in […]
Randy Bury, president and CEO of the Evangelical Lutheran Good Samaritan Society, is looking forward to 2021 for one simple reason: It has to be better than 2020. More specifically, Bury is optimistic about the prospects for a Covid-19 vaccine, and is focused on restoring consumer trust and confidence. But in this episode of Transform, […]
Randy Bury, the CEO of the Evangelical Lutheran Good Samaritan Society, describes himself as an optimist, and he is hopeful heading into 2021. But on the question of how quickly occupancy will bounce back in senior living, he is blunt about his doubts. “I don’t think our spigot is going to just open up again […]
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