Covid-19 presented unique challenges for memory care providers. These challenges included limiting the ability of residents to walk about freely and congregate with each other, and ensuring the stability of their daily routines. Additionally, a report from the Alzheimer’s Association found that people with cognitive decline were more likely to contract Covid-19 than their healthier […]
Frontier Management
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Senior living providers recovering from the pandemic are using discounts and concessions to regain occupancy, raising concerns about price wars as companies across the industry strive to rebuild occupancy. In November 2020, providers such as Five Star Senior Living (NYSE: FVE) were already observing deep discounts and concessions in the market. Other data, including mystery […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: Planned United Properties Plans Senior Cooperative Project Near Denver United Properties is planning to open a senior cooperative community […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Cadence, Flournoy Start Work on Seattle Community Cadence Living and Flournoy Development Group have broken ground on Cadence at Kent-Meridian, a 128-unit senior living […]
As wildfires burned millions of acres on the West Coast, senior living providers in the region grappled with another problem in addition to the pandemic: thick smoke and poor air quality. Last week, countless people along the West Coast woke up to “apocalyptic” orange and red skies as historic wildfires burned millions of acres of […]
Covid-19 has disrupted senior living providers’ balance sheets, and it’s clear that the pandemic will have lingering effects — but some companies are seeking to limit the pain and believe they can avoid permanent margin compression. A similar story has played out in U.S. senior living companies since March: as communities went on lockdown to […]
Frontier Management has made it a practice to raise resident rates by 5% to 7% each year — and Covid-19 is not about to change that. When the novel coronavirus reared its head in late February, many senior living providers scrambled to procure personal protective equipment (PPE) and boost staffing levels. But that came at […]
“The whole month of March was a blur, everything was happening so fast.” These are the words of Seasons Living President and COO Dan Williams, but they reflect an experience that many, if not all, industry leaders went through last month. Within the space of just a few weeks, Williams went from concern and confusion […]
Senior living providers are working around the clock to address an increasing number of Covid-19 cases and prevent further infections — and these efforts come at a steep cost from a dollars-and-cents perspective. The industry as a whole is facing an adverse economic impact of between $40 billion and $57 billion over the next 12 […]