While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022. Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on […]
Transactions 3 LCS Communities Partner with HealthPRO Heritage Three Life Care Services communities are partnering with wellness and rehabilitation provider HealthPRO Heritage which will provide care and rehab to residents in the communities. The communities – Shipley Living, Foulk Living and Millcroft Living in Neward – are all Deleware-based senior living communities that came into […]
With margins under pressure, occupancy still in need of boosting and chatter of an uncertain economy ahead, 2023 is shaping up to be a pivotal year for senior living sales. Few know that better than LCS Chief Marketing Officer Rick Westermann, who leads sales and marketing for the Des Moines, Iowa-based senior living company. For […]
On the cusp of a new year, senior living operators are focused on occupancy and margin recovery — and it all starts with sales. The pandemic changed the way senior living operators connect and engage with prospects, and senior living sales leaders have altered their tactics accordingly. That has resulted in better communication practices, new […]
Financings Brookdale Fefinances $220M Debt to September 2024 Brookdale (NYSE: BKD) announed it refinanced substantially all of its 2023 debt maturities, totaling $220 million, until its next maturity in September 2024. The debt has a variable interest rate of 2.45% over SOFT and is secured by priority mortgages on 24 of Brookdale’s 364 owned communities. […]
Senior living company LCS now has a new president following the promotion of Executive Vice President and Chief Operating Officer Chris Bird, the company announced on Tuesday. Bird, who has over 25 years of senior living experience, began in the new role on Oct. 1 with the start of the fourth quarter of 2022. He […]
Continuing care retirement communities (CCRCs) have weathered Covid-19 from a relatively good position over the last couple of years — but looking ahead, there are questions as to whether that trend will continue. Widespread cost inflation has pushed CCRC and life plan community operators to get creative to maintain margins, continue unit turnover as steadily […]
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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: Planned WesleyLife to build new Meals on Wheels location WesleyLife will transform a building in the Drake University neighborhood of Des Moines, Iowa into a […]
Brookdale Senior Living (NYSE: BKD) is still the nation’s largest senior living operator — but others are catching up, as the industry is still rife with disruption, according to Argentum’s 2022 Largest Providers Report. The report, released Wednesday, was compiled in partnership with real estate finance firm Lument. It ranks U.S. senior living operators in […]
