Senior living providers are still devoting considerable time and resources to Covid-19 testing, even as they ramp up vaccination efforts for residents and staff. The senior living industry made great strides early in the pandemic to bring Covid-19 tests into their communities. But nearly a year into the Covid-19 pandemic, providers are still implementing new […]
“When you’re in a chaotic environment, you white-knuckle the status quo. We just can’t do that. We really have to think about what is the ‘new next’ that we are going towards.” Those are the words of Sequoia Living President and CEO Sara McVey, and they capture a common sentiment among other top executives in […]
Sales and operator transitions Elevation Financial Group acquires Massachusetts assisted living community for $4M Elevation Financial Group acquired Wingate Residences at Brewster Place, an assisted living facility in Brewster, Massachusetts. The purchase price was $4 million and facilitated through Elevation Real Property Fund VII. The community ceased operations in 2019. Elevation plans to reposition the […]
The Centers for Disease Control & Prevention (CDC) on Wednesday eased quarantine guidance related to Covid-19, and senior living providers welcomed the news. Previously, the CDC recommended that individuals quarantine for 14 days after exposure to someone with Covid-19. The new guidelines recommend that people can stop quarantining after 7 days if they receive a […]
Kisco Senior Living is moving toward more normalized operations by utilizing rapid, “pooled” Covid-19 testing — similar to the approach taken by the National Basketball Association (NBA) and the National Hockey League (NHL). “We’re excited about what it’ll bring to our residents and the confidence it provides our families,” Ed Ward, vice president of operations […]
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
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At the start of 2020, Kisco Senior Living founder, President and CEO Andy Kohlberg’s top priority was developing a pipeline of talent amidst what he called the toughest labor environment in his 30-year career. That was before the coronavirus pandemic disrupted the industry and sent operators scrambling to keep residents safe, and communities across the […]
From personal protective equipment and new technology to labor costs, senior living providers throughout the industry are contending with growing expenses responding to the coronavirus pandemic. Even seemingly straightforward operational adjustments can some with outsized and in some cases unexpected new costs. A look at how Kisco Senior Living altered its dining service provides one […]
Building a solid pipeline of top talent is the top 2020 goal for Kisco Senior Living Founder, President and CEO Andy Kohlberg. Current labor challenges are unlike anything that Kohlberg has seen during his 30 years in the industry. “This is the toughest labor environment in my entire time in the industry,” he told Senior […]