Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

Gig Economy Fallout Worsens Ongoing Senior Living Labor Crisis

The ability to attract and retain frontline workers is often cited as the biggest challenge for today’s senior living providers — and many think it’s going to stay as bad, or even get worse, in the next three years as they compete with the so-called “gig economy” for new workers. That’s according to a new […]

Movers & Shakers: Discovery Adds Operations Leaders; Cadence Hires VP of Operations

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 […]

Argentum Unveils Apprenticeship for Senior Living Caregivers, Nursing Assistants

Senior living industry association Argentum on Tuesday announced new efforts to recruit, retain, and measure the senior living workforce. At the forefront of those efforts is an apprenticeship for nursing assistants and caregivers in senior living, which the organization is collaborating on with a steering group that includes industry stakeholders Brookdale Senior Living (NYSE: BKD), […]

OnShift Offers New Way to Tap Senior Living Wages Before Payday

OnShift has a new card in its Wallet. The Cleveland-based workforce management software firm announced on Tuesday it’s adding a prepaid Visa card option to Wallet, the PayActiv-powered app it launched in 2017 to help senior care workers access earned but unpaid wages. The move is aimed at giving those employees a way to access […]

Drive Retention In The First 90 Days [Sponsored]

Turnover is a massive problem, with costs reaching $5,000 to replace each lost employee, while also risking the care and service your residents receive. Get ahead of the revolving door with modern, employee-centric onboarding practices that hook new employees during the first 90 days. Download this whitepaper specifically for senior care executives to help you: […]

Welltower Cautiously Optimistic as Senior Housing Occupancy Rises

Despite ongoing senior housing headwinds, executives with Welltower (NYSE: WELL) are encouraged by occupancy increases that occurred in the fourth quarter of 2018. “We’re cautiously optimistic about the recent performance of our senior housing operating portfolio,” Executive Vice President and Chief Investment Officer Shankh Mitra said Tuesday, on an earnings call with analysts and investors. […]

Get Workers’ First and Last Days Right to Cut Senior Living Turnover

Senior living providers spend a lot of time and resources thinking about their residents’ first and last days, and for good reason. But those companies are remiss if they don’t also focus on their employees’ first and last days. That’s because those two days — the day when a new hire comes aboard, and the […]

Labor Metrics That Matter in Senior Care [Sponsored]

What’s measured is managed. And for those in senior care, what’s measured is also what drives operational success. Download our free whitepaper, Labor Metrics That Matter In Senior Care for a breakdown of the metrics every senior care operator should have in their KPI scorecard, including those that can help your organization: Increase operational efficiencies Reduce excess […]