This article is available as part of your SHN+ membership Senior living leaders often talk about the generational tailwinds ahead in the form of an aging demographic of baby boomers. What they don’t talk about as much is how those trends will affect their companies in potentially negative ways. As the boomers age, so too […]
Two former Anthology Senior Living leaders have announced the launch of a new operator and asset management platform known as Evolve Senior Living. The new operator, Evolve Senior Living is the brainchild of Justin Dickinson and Andrew Agins, two industry veterans who bring a wealth of senior living experience to the new venture. The company […]
Grand Lifestyles has acquired a slate of supportive living communities formerly belonging to defunct operator Pathway to Living as part of a $150 million portfolio transaction. The properties include eight supportive living facilities with a total bed count of 921 beds across the portfolio, all of which are in the greater Chicago metro area. The […]
As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
If recent events are any indication, 2023 is going to be a painful year for the senior living industry. In late March, real estate firm Waterton surprised many in the industry — myself included — by transitioning all of Chicago-based Pathway to Living’s management agreements to other operators. In recent conversations with company insiders, I […]
Pathway to Living is facing an uncertain future after parent company Waterton moved to transition all of the operator’s managed communities to other senior living operators. The companies to take on the properties include Sonata Senior Living, which is in May slated to begin managing one Pathway property in Florida. The community, Azpira of Windermere, […]
Margin compression is forcing senior living providers to reconsider some of the most fundamental aspects of the traditional operating model. This was one takeaway from the American Seniors Housing Association (ASHA) conference that took place earlier this week in Scottsdale, Arizona. Covid-related margin pressure has been exacerbated by cost inflation and staffing pressures. After two […]
Senior living operators have radically changed the way they operate over the last few years. Looking ahead, it’s clear there are more changes to come as the industry sits at a crossroads between recovery and stagnation. The shift in the industry since the height of the pandemic has created a multitude of opportunities and challenges. […]
The dark clouds may be parting for the senior living labor market, but persistent pain points are causing operators to temper their enthusiasm regarding 2023. “I’m going to surprise people,” Discovery Senior Living CEO Richard Hutchinson said on stage at the 2022 Senior Housing News BUILD conference in Chicago last month. “I actually like our […]
Senior living veteran Justin Dickinson is leaving his leadership post at Pathway to Living and rejoining former employer Anthology Senior Living to become the company’s president. With the leadership change, the senior living executive is rejoining his former employer, Anthology, which manages, develops, acquires and operates communities as an affiliate of Chicago-based real estate developer […]
