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 […]
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Senior living providers have succeeded in recruiting displaced hospitality workers during Covid-19 — but some positions are harder to hire for than others. Just ask Adam Kaplan, founder and CEO of Solera Senior Living, a Denver-based senior living provider with three senior living communities under management today and another six in the works. In March, […]
Since stepping down as NIC’s CEO in 2017, Bob Kramer has shifted his role with the organization from its leader to its resident “agent provocateur.” Now, he’ll spend less time doing that, too — but that doesn’t mean he’s leaving the senior living industry or NIC, either. Kramer just wrapped up a two-and-a-half-year period in […]
A newly launched app is gearing up to tackle one of senior living’s biggest woes. The app, Kare, is meant to make a dent in the ongoing staffing crisis in senior living and long-term care by pairing caregivers, medication aides and nurses with assisted living communities, skilled nursing facilities and other settings where older adults […]
