In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. And if you’d like to submit a project to In the Pipeline, email us. Construction: Planned The Springs Living Announces […]
Coming out of Covid-19, senior housing will undergo transformations in three crucial areas: better integration of health care in communities; reassessing the built environment to provide a sharper focus on wellness and lifestyle; and addressing new and long-standing issues that impact operations. Some of these transformations are new, while others have been accelerated by the […]
The Springs Living experienced about a 10% occupancy and 12% net operating income decline during Covid-19, but has recovered about a third of that lost census, with inquiries up 70% and move-ins up 20%. With this as the backdrop, the McMinville, Oregon-based provider is reentering growth mode. The Springs recently broke ground on a 210-unit […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. And if you’d like to submit a project to In the Pipeline, email us. Construction: In progress The Springs Living […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
“If we could have gotten out of December, we would have been largely unscathed.” Those are the words of The Springs Living Founder and CEO Fee Stubblefield, and they reflect what he said was the roughest month for the provider in the nearly 14-month fight against the coronavirus pandemic. December was the peak of the […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]
Sales and operator transitions Livingston Street Capital affiliate acquires Maryland active adult community An affiliate of Livingston Street Capital has acquired Alta at Regency Crest, a 150-unit, 55-plus active adult community in Ellicott City, Maryland. This is Livingston Street’s fourth recent active adult acquisition. Previously, the firm purchased two communities in Utica and Albany, New […]
Brightview Senior Living and Summit Vista are the top workplaces in senior living for employee satisfaction, according to this year’s Best Workplaces in Aging Services list. Baltimore-based Brightview, which operates a portfolio of 42 communities, took the No. 1 spot among large providers for the second year in a row; while Summit Vista, a life […]
