Risk Aversion Holding Back Nonprofit Senior Living, Despite Affiliation Trends

Nonprofit senior living providers have shown an increased appetite for growth through affiliation and expanding existing campuses in recent years. Yet an aversion to risk born out of the post-2008 economic downturn has the sector trailing its for-profit peers. These trends are on display in the 16th annual LZ 200 list of top nonprofit providers […]

CCRC Executive Directors See Salaries Up Nearly 4% in 2019

Wages rose again for executive directors of continuing care retirement communities (CCRCs), and they weren’t the only ones who saw a pay bump in the past year. The national average salary for a CCRC executive director rose to $172,806 in 2019, an increase of 3.94% over the previous year’s average executive director salary of $166,252, […]

HumanGood, Presby’s Affiliation to Create 6th-Largest Senior Living Nonprofit

The largest non-profit senior living provider in the state of California, HumanGood, will be extending its reach to the East Coast through a planned affiliation with Presby’s Inspired Life. The combined entity will be the sixth-largest national non-profit senior living provider, the organizations stated Monday in announcing the affiliation. Pleasanton, California-based HumanGood serves nearly 10,000 […]

Possible Presbyterian Senior Living, Westminster Merger Would Create Fifth-Largest Nonprofit Provider

Presbyterian Senior Living and Westminster Communities of Florida are considering a merger that would result in a combined not-for-profit organization with 54 communities, serving about 13,000 seniors across the full continuum. With a unit count over 7,100, the merged entity would rank as the fifth-largest not-for-profit senior housing and care organization in the nation, going […]

New Competition Drives Senior Living Nonprofits to Mull Unconventional Ideas

Senior housing and care nonprofits simply can’t do things the same-old way — especially as for-profit providers ratchet up the pressure in many markets across the U.S. That was among the top takeaways during a Tuesday afternoon session at this year’s LeadingAge Illinois Meeting & Expo in the Chicago suburb of Schaumburg, Illinois. The discussion […]

More Nonprofit Senior Living Providers Partner Up to Survive and Thrive

As headwinds continue to batter the senior housing industry, some not-for-profit providers are looking to partnerships or mergers as a way to grow scale in order to thrive — or in some cases, simply survive. “In the last three years, a number of organizations are saying, we could go on independently … but where do […]

Nonprofits Must Adapt Faster to Senior Living Disruption

Senior living nonprofits must learn to cope with industry disruption soon — or communities could become places that people would prefer to avoid. “If we’re not able to move forward, we risk becoming sort of like the outhouse: functional, workable, but not your first choice,” said Steve Jeffrey, chief strategy and innovation officer for Garden […]

Senior Communities Become Key Testing Ground for Self-Driving Cars

Autonomous vehicles are not yet a common part of everyday society, but the foundation is being laid, with retirement communities at the forefront of developing this technology. One company, Voyage Auto, is already testing out self-driving vehicles in senior living settings with an eye toward the future. Voyage, a Santa Clara, California-based driverless vehicle service, […]

Average Assisted Living CFO Salary Topped $127,500 in 2018

Wages rose for many assisted living employees in 2018, with CFOs, CEOs and presidents unsurprisingly still among the highest-paid. That’s according to a Senior Housing News analysis of the most recent Assisted Living Salary & Benefits Report from the Hospital & Healthcare Compensation Service, an annual release that is produced with support from LeadingAge and […]

Demand Grows, Challenges Increase for Senior Housing in Low-Density Markets

The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]