Silverado CEO Shook: We Will Control Our Own Destiny Going Forward

Silverado kicked off August with a party. The occasion was the grand opening of Silverado’s latest memory care community, in the northern Milwaukee suburb of Glendale. But, viewed in a certain light, the event could be seen as more significant: the start of a new chapter for the 23-year-old company. At the beginning of July, […]

Hard-Hit Memory Care Sector Faces Slow Road to Recovery

After a few brutal years for standalone memory care, supply pressures are easing and occupancy is ticking up. But a rebound will be gradual, as hard-hit companies in the space try to reset, and owners and operators glean lessons from this recent period of distress. Construction of freestanding memory care communities peaked in the fourth […]

Silverado Sells Its Home Care Business in California

Irvine, California-based memory care provider Silverado has reached an agreement to sell almost the entirety of its home care business, Silverado At Home. The transaction will be effective on or about July 8, according to a statement Silverado shared Friday with Senior Housing News. San Francisco-based Home Care Assistance (HCA) is acquiring the business. HCA […]

Welltower To Transition 20 Silverado Properties to Frontier Management

Real estate investment trust Welltower (NYSE: WELL) has tapped Frontier Management to take over operations of 20 memory care properties currently operated by Silverado. The transition will take place over the next few weeks, and Frontier’s signage should be on the buildings by June 30, according to an internal Silverado memorandum obtained by Senior Housing […]

New Medicare Advantage Changes Expand Senior Living Opportunities

Recently announced Medicare Advantage policy changes could open up new opportunities for senior living providers, further accelerating the transformation of the industry’s dominant private-pay revenue model. “Senior living providers are crazy if they don’t start thinking about housing/health care integrated products,” Anne Tumlinson, founder and CEO of Anne Tumlinson Innovations, told Senior Housing News, in […]

Inside Welltower’s Efforts to Create a Quality Framework for Assisted Living

The National Assisted Living Quality framework released last month by health care real estate investment trust Welltower (NYSE: WELL) and Johns Hopkins Medicine (JHM) has the potential to establish a uniform set of best practices in assisted living and memory care communities across the country, and not just Welltower-owned properties. If that does indeed come […]

Silverado Building Hospice Into Stronger Operational Tentpole

Silverado hosted a belated opening celebration for its new hospice in the Chicago suburb of Des Plaines, Illinois on Wednesday, Oct. 10. The facility quietly opened in February. Silverado also opened a hospice serving the Dallas/Ft. Worth area in Addison, Texas last month. The total number of hospices under the Silverado umbrella is now at […]