“Staffing agencies suck.” That’s a marketing tagline for staffing solution KARE, and it’s as bold as they come. But they did not write it. Their senior living clients did. “It’s really something we started to hear when we started the company, and we would reach out to communities and try to explain what we were […]
Financings VIUM Capital Closes $200M in Senior Housing, Healthcare Vium capital announed it closed approximately $200 million worth of deals in seniors housing and healthcare in the month of August. The $200 million figure comes from six financings that included 28 separate projects in nine different states. For example, Vium closed on a $7.7 million […]
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Senior living industry veteran Cheryl Crooks is making the jump from PointClickCare to join senior living staffing startup Kare as chief strategy officer. Crooks is joining the company after eight years at PointClickCare, where she last worked as a regional vice president leading the company’s senior care market development team. She has spent the last […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
The ongoing workforce crisis has been among the hottest topics at this week’s National Investment for Seniors Housing & Care (NIC) conference, and attention will be fixed on labor-related numbers when the largest publicly traded senior living owners and operators announce their Q3 2021 earnings later this week. While these earnings calls will provide some […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE: SNR). The Chicago-based real estate investment trust (REIT) announced a public offering of $500 million in senior notes at 2.5% interest, due in 2031. The notes are being issued by […]
The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before […]
When the pandemic hit last year and communities across the country closed their doors to the outside world, one common practice went by the wayside: multi-site staffing. In the pre-Covid days, it was common for senior living workers to move from one community to another, either within the same company or for different companies, sometimes […]
