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LCS
LCS is forging ahead in 2023 on several big initiatives, with a particular focus on improving visibility and performance in operations through data. In recent years, the senior living industry has made headway on a number of initiatives from occupancy recovery to turnover. That is also what LCS has seen in recent quarters as the […]
With $10 billion in debt maturities coming due in 2023, margins still compressed and staffing challenges still simmering, operators have their work cut out for them in the crucial months ahead. But for all the problems left to solve, there is still a sense that the worst is now behind the industry in many respects. […]
Life Care Services is now managing 10 senior living communities owned by an affiliate of Lone Star Funds, according to an announcement made on Monday. The combined communities, located across Michigan, Ohio and Minnesota, include a total of 1,079 total apartment units. That’s broken down to include 300 independent living, 455 assisted living and 324 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress LCS renovates community that was former school Shipley Living, a senior living community managed by Life Care Services in Wilmington, Delaware, is undergoing […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress New LCS community set in Massachusetts Woburn, Massachusetts will be home to the Delaney at The Vale, a new senior living community offering […]
It was the middle of the night and Priority Life Care CEO Severine Petras couldn’t sleep. With a pandemic still fresh on her mind, she found herself in a deep-dive into her company’s social media presence. She would often notice an out-of-place detail, like a mask not being worn correctly or an awkward photobomb in […]
Financings Ziegler Closes $47M Financing Ziegler announced the successful closing of a $47 million financing Saint Therese of Corcoran, a Catholic senior living organization that will be used for the construction of a new community. The community will be built in Corcoran, Minnesota and will include 99 IL, 34 AL and 20 memory care units […]
Senior living is at an important crossroads at the dawn of 2023. The new year will surely bring new and important opportunities for operators to grow beyond pre-pandemic results. But elevated expenses and staffing are fixed challenges that are not going away with the new year. To LCS CEO Joel Nelson, 2023 is a time […]
Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]
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