U.S. News has released its third “Best Senior Living” list, with companies including Brookdale Senior Living (NYSE: BKD), LCS and Brightview Senior Living near the top of the stack. . Of the more than 3,500 communities that were surveyed, 1,703 were recognized as “best” in one or more of the available categories, which include best […]
Five Star Senior Living
Every month, Lasell Village, – a CCRC on the campus of Lasell University in the Boston area – gets calls from other academic institutions wanting to replicate its senior living model. Based on the demand for expanding university-based senior living and the effects those models have on residents, Lasell Village President Zehra Abid-Wood believes now […]
Diversified Healthcare Trust (Nasdaq: DHC) has announced an “event of default” on its $450 million credit facility. The credit facility in question required Diversified to maintain collateral properties at an appraised aggregate value of $1.09 billion. But the value of the REIT’s properties declined from $1.34 billion to $1.05 million following a reappraisal of 61 […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
Brookdale Senior Living (NYSE: BKD) is still the nation’s largest senior living operator — but others are catching up, as the industry is still rife with disruption, according to Argentum’s 2022 Largest Providers Report. The report, released Wednesday, was compiled in partnership with real estate finance firm Lument. It ranks U.S. senior living operators in […]
Stellar Senior Living SVP and Co-Founder Adam Benton has some advice for senior living providers seeking to improve their hiring processes: Apply for a job at McDonald’s. That’s what he did, after hearing so many times that Stellar communities were struggling to compete against fast food restaurants for workers, Benton explained during a recent SHN+ […]
After growing a base of operations during the Covid-19 pandemic, Navion Senior Solutions is turning its focus in 2022 to honing its operations. The Raleigh, North Carolina-based operator grew from a handful of communities to 36 during the Covid-19 pandemic, and that growth is set to continue with one community currently under construction and another […]
In September 2020, Five Star Senior Living CEO Katie Potter spoke at a virtual conference hosted by home care company Honor. At the time, Potter spoke of how the lines between senior living and home care are blurring, and of ambitions to transform Five Star from a senior living and rehab company into a diversified […]
Five Star Senior Living (NYSE: FVE) is changing its name to AlerisLife, reflecting a growing focus on offering more lifestyle services. The company has updated its website to reflect the name change, and starting Jan. 27 it will trade on the Nasdaq stock market under the ticker symbol “ALR.” The name change is a milestone […]
Length of stay has long been a top focus for senior living operators — and never more so than today, as they seek to reverse trends caused by the Covid-19 pandemic. In the years leading up to the pandemic, average length of stay in assisted living was thought to be about 22 months, according to […]
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