Pegasus Senior Living CEO and Chair Steven Vick has retired, and co-founder Chris Hollister has taken the reins of the Dallas-based company as its new CEO and chair. Vick is stepping away from the leadership role after “battling some health problems” for several years, according to a press release on the announcement. “Chris has been […]
Pegasus Senior Living
Senior living providers face myriad problems and challenges, particularly in light of the Covid-19 pandemic. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. For this edition, we asked leaders with Pegasus Senior Living, Cypress Living, Juniper […]
Federal health officials are recommending a halt in administering the Johnson & Johnson Covid-19 vaccine as they review a small number of reported cases of a rare and severe type of blood clot. A prolonged pause on the vaccine could affect vaccination efforts in senior living communities, but it’s not clear by how much or […]
Senior living’s response to Covid-19 over the past year cemented the industry’s years-long paradigm shift toward greater clinical capabilities and integration across the care continuum. This shift was ongoing, pre-pandemic, due to rising acuity among residents and shifts in health care payment systems, among other factors. Especially in light of Covid-19, providers throughout the space […]
Transactions & Financings: Brookdale Turns Over Operations of 4 Communities; JLL Completes $19M Sale
Brookdale Senior Living (NYSE: BKD) is making progress on its ongoing portfolio optimization initiative. The largest senior housing provider in the U.S. recently exited management arrangements on four communities in California. Dallas-based Pegasus Senior Living assumed management of two communities in suburban Sacramento, which were rebranded as Elk Grove Park, in Elk Grove; and Sterling […]
The Covid-19 vaccine has arrived in the senior living industry amid a troubled initial rollout nationally. Many are reporting good, albeit early, progress, and they are preparing for obstacles appearing on the horizon. Providers across the country, including large organizations such as Brookdale Senior Living (NYSE: BKD) and Atria Senior Living, began administering the long-awaited […]
Sales and operator transitions Commonwealth Senior Living acquires Virginia assisted living facility Commonwealth Senior Living acquired Cedar Manor Assisted Living, an assisted living facility in Chesapeake, Virginia including 60 assisted living beds and 12 memory care beds. The community will be rebranded as Commonwealth Senior Living at Cedar Manor. Immediately after the holiday season, the […]
The senior living industry has done much to prevent residents and staff from contracting Covid-19 over the past seven months — but even necessary safety measures have a cost. Now, providers are dealing with the ripple effects of Covid-19, as deteriorating resident wellness leads to worse health outcomes and possible drags on occupancy. After months […]
Mitigating the impact of Covid-19 is no easy feat, and the senior living industry has been forced to adjust and innovate a rapid pace in 2020. But for Pegasus Senior Living co-founder Chris Hollister, there’s no substitute for executing on the basics. Hollister believes that common sense and consistency can go a long way in […]
Senior living providers have spent the past six months honing their infection control plans — and for Pegasus Senior Living co-founder Chris Hollister, there’s no substitute for focusing on the fundamentals. “You can get into all these complicated rules and shut everything down, but we have to figure out a way as a society, as […]