If you ask Experience Senior Living CEO Phill Barklow, the senior living industry has an opportunity to kick growth into higher gear in 2025. But industry’s goal to “thrive in 2025” is contrasted with many operating challenges operators face in their plans for new growth. In working to narrow the supply-demand gap as development remains […]
Transactions American Healthcare REIT acquires four communities Cogir Management and American Healthcare REIT have expanded their relationship with the acquisition of four more communities in Washington. According to a press release, the portfolio consists of 207 assisted living and memory care units and allows Cogir to operate in Washington, California, Utah and North Carolina for […]
This article is part of your SHN+ subscription In 2024, many senior living operators have shifted from raising rates to keeping them where they are, and even offering discounts. As they do so, they must walk a fine line. On one side of the coin, concessions and discounts provide a short-term financial boost to a […]
Pegasus Senior Living is now managing a portfolio of eight senior living communities in Texas and New Mexico previously operated by LifeWell Senior Living. The portfolio includes 652 assisted living and memory care units and represents LifeWell’s Legacy-branded portfolio, Pegasus Senior Living CEO Chris Hollister said. The transition is set to take effect Sept. 1, […]
This story is part of your SHN+ subscription Since the start of the pandemic, senior living operators have grappled with staffing woes. Executive directors are particularly hard to hire and retain. Long hours and a generally tough job have contributed to burnout and higher turnover among executive directors in recent years. And given the training […]
Senior living operators are in 2024 finding ways to increasingly cut down on labor expenses. With agency staffing use trending downward, reducing overtime is a big focus. To some in the industry, it’s a “stubborn sliver.” To others, it’s a “mild headache” compared to the cost of agency staffing. But the bottom line is that […]
This article is part of your SHN+ membership The need to improve operations is driving all that senior living operators do as they pivot to the offensive. One big pressure point is the need to do more with less. In 2024, operators are living that mantra in a variety of ways, from maintaining staffing expenditures […]
Rising resident acuity is impacting senior living margins, and in response operators are getting creative to make bottom line improvements even as challenges remain. In recent years, especially with the pandemic, operators have said residents are arriving in senior living communities with more care needs than in the past. That phenomenon is shaping the future […]
If you asked Pegasus Senior Living CEO Chris Hollister what keeps him up at night, he might tell you it’s the ongoing challenges in staffing.That is especially challenging in memory care. But thanks to predictive analytics and quantitative data analysis, improvements are already playing out for the company. Since the launch of Pegasus’ staffing model, […]
Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
