Good Samaritan Society Planning $200M Project, Further Expansion in CCRC Sector

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 […]

National Senior Communities, Good Samaritan Society, Presbyterian Homes Top List of Largest Senior Living Nonprofits

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. […]

Good Sam, Ebenezer Parent Organizations Call Off Merger

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 […]

The Case for a Bolder Strategic Pivot for Brookdale Senior Living

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 […]

How Hospital System Woes, Strategic Shifts are Reshaping Senior Living

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 […]

Disruption, Consolidation in Red-Hot Manufactured Housing Sector Presents Senior Living Opportunities

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 […]

Movers & Shakers: New CEO For Good Samaritan; Lloyd Jones Adds To Senior Living Team

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN […]

Executive Forecast 2021: A Rare Chance For Senior Living Reinvention

“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 […]