The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]
Solera Senior Living
History has come to life at a continuing care retirement community (CCRC) in Maryland. The project, Modena Reserve at Kensington, had an overarching goal of preserving the history of Kensington, Maryland, and its ties to the B&O railroad that came to the town in 1891. The two-acre, infill site sits near Kensington’s historic district and […]
Belmont Village CEO Patricia Will begins 2023 “wildly optimistic” about the industry’s prospects. “We’re at the cusp of some changes in the industry that I think bode well in addition to the demand curve we’ve all been waiting for,” Will said during the recent 2023 Outlook webinar hosted by Senior Housing News. And she is […]
A couple weeks ago, my colleague and SHN Managing Editor Tim Mullaney offered his post-NIC thoughts that the industry is entering a tough spot. I agree the industry is entering a period fraught with perils, including rising interest rates and cost inflation. But I also believe that the stage is set for senior living companies […]
“Plainly put, I think the industry to a large degree has built itself over the last 20 years on a model that today’s customer doesn’t want anymore,” Belmont Village CEO Patricia Will told me this week. Belmont Village and partner Greystar are trying to solve this problem by creating a new model, which they unveiled […]
As the senior living industry seeks to grow occupancy in the aftermath of the Covid-19 pandemic, one major hurdle is staffing. On the one hand, operators need to demonstrate the quality of their operations to prospective residents to get them to move in — and to do that, they need enough workers to maintain service […]
New senior living construction starts are ramping up again in many markets across the U.S. after plummeting in 2020 — and senior living investors and developers should look twice before jumping into a new project. While there is much interest in developing senior housing communities — and many opportunities right now to do so, given […]
Occupancy and net operating income are two operational metrics senior living operators have worked to increase since the pandemic sent both tumbling in 2020. While the industry is not out of the woods with regard to either, forward-thinking operators have devised effective strategies for increasing occupancy and NOI in the past two years and change. […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
As 2021 comes to a close, four hotly anticipated new senior living communities are opening their doors for the first time: — Sunrise at East 56th, in Manhattan — MorningStar at River Oaks, in Houston — Modena Reserve at Kensington, near D.C. — Trulee Evanston, near Chicago These communities exemplify several trends in luxury senior […]