Although the number of continuing care retirement communities that have experienced severe financial distress in the past few years is small compared to the number that have remained stable, it’s piqued the curiosity—and concern—of potential consumers. There are almost 1,900 CCRCs in the U.S., according to LeadingAge, and since the recession began, only about 1% […]
Mather LifeWays
Defaults and bankruptcies by continuing care retirement communities (CCRCs) are the exception and not the norm in the senior living industry, but the ability to avoid financial pitfalls and adapt to consumer demand is crucial in attracting and reassuring prospective residents, executives agree. Only a small percentage of the industry’s 1,900 CCRCs—about 80% of which […]
Several companies feature prominently as rapid changers in terms of growth on the 2012 LeadingAge Ziegler 100 of the nation’s top not-for-profit senior living organizations, effectively changing the face of the industry through expansions, acquisitions, and new development, and many organizations topping the list of those with the most growth in 2011 also grew substantially—and […]
Peace of mind and ease-of-use are “key” selling points for a hospitality industry-inspired security system some senior living providers are installing in their communities. It might be difficult for older residents suffering from arthritis or other age-related infirmities to navigate traditional lock-and-key systems. Another common problem is key misplacement, which can run the gamut of […]
The changing demographics of those entering senior living communities, including older and frailer incoming residents, can have certain implications for senior living communities’ business and financial models, but offering incentives to younger prospective residents can help communities counteract aging-in-place trends. While some continuing care retirement communities (CCRCs) and other senior living models are being noticeably […]
In recent months, some continuing care retirement communities (CCRCs) have found themselves struggling to attract residents and a dwq have even ended up in bankruptcy court, but this hasn’t prevented others from forging ahead and offering new services and programs, such as a vacation travel network. Mather LifeWays in Evanston, Ill., and La Posada, in […]
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