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 […]
Kisco Senior Living
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 […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
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 […]
Kisco Senior Living is bringing voice-enabled smart home technology to its communities, in a bid to gain operational and financial efficiencies while enhancing resident and family satisfaction. Carlsbad, California-based Kisco joins a few other senior living providers that are implementing smart home technology and introducing Amazon Echo devices into units — and the trend is […]
Smart home technology is becoming a must-have in senior living. Thanks to the pairing of individual smart home devices with home systems such as Amazon Echo and Google Home, senior living residents can turn up the thermostat, dim the lights, find out what’s for dinner and get reminders about what programs they’re signed up for, […]
Subscribe
Receive industry updates and breaking news from SHN