This story is part of your SHN+ subscription Recently, I had a conversation with Priority Life Care CEO Sevy Petras that got me thinking about the current era and future of senior living. Petras said she came away from the NIC Fall Conference this year with a lot of new ideas and fresh optimism. From […]
Priority Life Care
This article is part of your SHN+ subscription Affordability in senior living remains a key challenge for senior living operators, and for those who navigate the affordable housing and middle-market space, doing so requires a lean and efficient operating playbook. The affordable space within senior living includes a range of models, from Medicaid waivers for […]
Hear more insights on CapEx and other topics from industry veterans at our upcoming ReBUILD event in Chicago on November 20 and 21. Tickets are available here. As new development remains tough to work out, senior living operators are shifting growth priorities and focusing on internal repositionings, renovations, and investing in key infrastructure to capture […]
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 […]
Sevy Petras is Co-Founder and CEO of Priority Life Care, which operates 64 senior living communities nationwide. With over 20 years of experience in senior living and finance, Petras is a well-known industry figure today. In this Hot Seat interview, Petras shares her favorite weekend activity, her most important people management principle and her greatest […]
Priority Life Care is launching a new fund to accelerate its growth, with a new chief investment officer leading the effort. The company is spinning up a new $10 million fund to attract and fuel co-investment in senior living acquisitions, according to CEO Sevy Petras. To manage the effort, the Fort Wayne, Indiana-based senior living […]
This story is part of your SHN+ subscription As the pace of senior living operators adopting value-based care models in 2024 quickens, challenges remain in growing those models. Providers are wielding data insights to spur value-based care model growth while also posing significant challenges to operators aiming to balance in making the risky transition to […]
This members-only, exclusive article is part of your SHN+ subscription If the speed at which senior living operators were adopting value-based care models accelerated last year, in 2024 the effort has kicked into an even higher gear. Within the last two months, senior living providers including 12 Oaks, Benchmark Senior Living, and Epoch Senior Living […]
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 story is part of your SHN+ membership It’s no secret that senior living operators have a hill left to climb in the form of compressed margins and occupancy. Food is a growing part of that effort. In the years following Covid-19, senior living sales teams have worked hard to show the value that communities […]
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