In the midst of the ongoing Covid-19 crisis, I imagine that few senior living executives paid much attention to recent news that Oak Street Health filed for an initial public offering (IPO). But, senior living leaders should consider the role that Oak Street and similar businesses could play in driving more affordable, better care for […]
The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]
Assisted living communities that have on-site primary care could gain a range of benefits — including advantages in battling Covid-19. However, bringing primary care into assisted living is not for the faint of heart, according to Brian Cloch, Principal at Innovative Health. “This is really, really hard,” he said, during a recent interview for the […]
Local bans on public gatherings to prevent the spread of Covid-19 have shuttered restaurants, bars and nightclubs across the country, leaving many suddenly out of work or uncertain where their next paycheck will come from. But the senior living industry could help absorb some of the blow by hiring these workers, which would also fill […]
Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]
LCS Hires Development and Real Estate Business Leader LCS has Charles Murphy as executive vice president and senior managing director of development and real estate. Murphy, who joins LCS in mid-February, is responsible for strategy and performance oversight of the LCS Development and LCS Real Estate companies. He has previously worked in leadership roles at […]
Heading into 2020, many senior living providers are focused on making investments to upgrade the resident experience, to stand out in a competitive landscape and appeal to future consumers. For Kim Lody, CEO of Capital Senior Living (NYSE: CSU), one potential area of change relates to resident choices. The baby boomers will bring with them […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Assisted Living, Memory Care Community Planned in Connecticut Senior Living Advisors (SLA) recently […]
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Capital One closes $109M loan to Meridian Senior Living Capital One served as the administrative agent for a $108.9 million loan to a joint venture owned by Sino-Ocean Capital and Meridian Senior Living. The borrower will use a portion of the proceeds to acquire two senior housing communities in Florida, the 106-unit Symphony at the […]