Transactions & Financings: Aon’s $30B Willis Towers Watson Merger; Ventas Closes $700M Perpetual Life Vehicle

Ventas closes $700M perpetual life vehicle Ventas (NYSE: VTR) closed its new life science and health care real estate fund, a perpetual life vehicle that focuses on investments in North American core and core plus life science, medical office and senior housing real estate. The fund has more than $700 million in assets under management […]

Senior Living Providers Must Keep All Options Open in Covid-19 Fight

When it comes to keeping the coronavirus out of a senior living community, providers should be willing to take drastic measures — and they should be thinking about them right now. In some instances where outbreaks are particularly severe, that may include temporarily stopping tours, freezing new admissions and visits, isolating some residents, halting congregate […]

Senior Living Faces Aggressive Litigation, Rising Insurance Costs in 2020

Rising insurance costs and expensive claims continued to plague the senior care industry in 2019, and relief does not appear to be in sight. In 2020, senior living providers will continue to face rising insurance costs due to an elevated risk environment driven in large part by attorneys targeting vulnerable operators in markets favorable to […]

Silverado, Other Providers Roll Out New Program to Address Costly Issue of Worker Injuries

Staff injuries sustained while transferring residents* have always been a top concern for senior living providers, and the issue has become more severe and costly in recent years — with memory care facing some of the toughest challenges.  With this in mind, Irvine, California-based memory care pioneer Silverado is among the first group of providers […]

Senior Housing Operators Must Address Risks as Liability Insurance Costs Grow

Faced with rising liability insurance costs, senior housing providers are working with insurers and insurance brokers to address the issue by identifying and managing risks. Liability insurance rates are expected to rise by as much as 30% in 2019, according to insurance broker Willis Towers Watson. The growth in claims, payouts and settlements is so […]

Some Senior Living Providers to Face Surging Liability Costs in 2019

Commercial liability insurance rates for the senior living and long-term care industries could increase as much as 30% or more in 2019, and that could spell financial headaches for some providers going forward. That’s according to a new report from risk management, insurance brokerage and advisory company Willis Towers Watson. The report, titled “2019 Insurance Marketplace Realities,” outlines […]

Senior Living Tech News: K4Connect Partnership, Monitoring at Parker Jewish

K4Connect Enters Into Strategic Partnership with Dude Solutions North Carolina-based K4Connect recently announced real-time work order integration with TheWorxHub by Dude Solutions, a provider of cloud-based operations management solutions also based in North Carolina. Accordingly, TheWorxHub by Dude Solutions will be integrated into K4Community, which is K4Connect’s flagship product specifically designed for senior living operators and residents. […]

How Tweaking Benefits Plans Can Solve Senior Living Staffing Issues

Talk to any senior living operator about challenges they see on the horizon and they’ll all likely mention the same thing: staffing. After all, hiring and retaining senior living employees is typically much easier said than done, especially as providers duke it out over attracting the most talented leaders and workers. As if the problem […]