Senior Living Slow to Adopt Tech for Wellness-Focused Operations

The senior housing industry is gradually embracing technology in its wellness initiatives but is still just scratching the surface. That’s according to an active aging industry trends survey recently released by the International Council on Active Aging’s (ICAA). The survey found that senior living providers are shifting away from a care-focused operational model to one […]

Managed Care Opportunity Demands New Mindset, Tech in Senior Living

Some senior living providers need to both shift their mindset and implement new technology, or they will miss an emerging opportunity to partner with Medicare and Medicaid managed care plans and could be behind the eight-ball for years to come. In managed care, private-sector insurance companies receive federal and/or state funds to create benefits packages […]

White Paper–Senior Living’s Next Need: Delivering Value-Based Care

Payment models for health care services are changing across the care continuum. And while some believe this is the future of senior living, recent innovators have proven the future is already here. Value-based care is being used in some care settings, offering senior care operators increased financial incentives for the quality of care they provide. […]

Best Buy to Acquire Senior-Focused Tech Company GreatCall for $800 Million

In the company’s latest business move focused on the aging population of the United States, technology retail giant Best Buy (NYSE: BBY) has agreed to acquire GreatCall for $800 million in cash. GreatCall has developed and sells senior-friendly smartphones, smartwatches, medical alert devices and other technology. “[Best Buy] has recently been investing in health-related initiatives […]

Best Buy Starts Selling Senior Care Product Line

The number of technologies geared toward senior care seems to grow by the day. Now, electronics retail giant Best Buy Co. (NYSE: BBY) is getting in on the action. Recently, Best Buy began selling an entry-level package of its own remote-monitoring equipment geared toward seniors aging at home, as well as their loved ones who […]

Holiday CEO: Senior Living Shouldn’t Rush Into Tech Adoption

Although the senior housing industry has characteristically been behind the times when it comes to technology adoption, providers shouldn’t necessarily rush to catch up. In fact, now that tech is catching on, providers should beware of going overboard. Technology startups targeting seniors are popping up all over the place, but providers should not feel the need to […]

Senior Housing Investments & Transactions: Mainstreet Acquires $44.3 Million Memory Care Portfolio

Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]

Lyft Q&A: The Plan to Reinvent Senior Living Transportation

Senior housing providers increasingly have been utilizing ride-hailing apps to expand residents’ transportation options, and one company in particular has been announcing new initiatives at a steady clip. The popular San Francisco-based ride-hailing company, Lyft, launched in 2012 and is now expanding in numerous directions — one being into senior living and care partnerships. Some […]