Leaders of Bickford Senior Living, Merrill Gardens and New Perspective agree: the senior living industry is in need of “transformational change” in the years to come. Looking across the senior living industry today, they see many opportunities for change, from solving workforce challenges to finding new and better ways to care for residents amid the […]
Covenant Living Communities and Services is not immune to the staffing pressures felt by the rest of the senior living industry — but President and CEO Terri Cunliffe sees signs they might not last long-term. While the industry is grappling with attracting and retaining workers amid the period known as the “great resignation,” Cunliffe is […]
As the new year gets underway, senior living and care providers are making some leadership shifts. Recent moves include: — Aegis Living named a new president and a new COO — Aras Erekul exited as Watermark Retirement’s National Director of Integrative Wellbeing — Trilogy Co-Founder and former CEO Randy Bufford has become CEO of Synchrony […]
For many senior living providers, sales cycles changed dramatically as the Covid-19 pandemic took hold last year. With the pandemic’s end still not in sight and the recent dominance of the delta variant, when the industry will settle into a new sales status quo is anyone’s guess. But there are some who see signs emerging […]
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 […]
After more than seven years in leadership at Canyon Ranch in Tucson, Arizona, Aras Erekul was on the verge of taking a new job in Seattle — and that’s when he received a call from Watermark Retirement Communities Chairman David Freshwater and COO Karen Mlawsky. They asked him to help shape Watermark’s future by creating […]
It’s no secret that Covid-19 is disrupting the current state of play in the senior living industry — but it remains to be seen how much of an effect the pandemic will ultimately have on capital markets, or how communities of tomorrow are designed or developed. When the novel coronavirus first roared to prominence in […]
Covid-19 presents enormous challenges for senior living providers across the country, but the pandemic is hitting operators in the current epicenters of New York and New Jersey particularly hard. As of the afternoon of April 20, total Covid-19 cases in New York state were approaching 243,000, while New Jersey’s cases were above 85,300. By comparison, […]
Oakmont Senior Living has agreed to settle a lawsuit related to a major wildfire that destroyed one of the provider’s California communities last fall. The Tubbs Fire swept across the northern California town of Santa Rosa in Oct. 2017, affecting four Oakmont communities and burning one—the 72-bed Oakmont of Villa Capri—to the ground. After that […]
Sabra Health Care REIT (Nasdaq: SBRA) has made some major skilled nursing waves over the past year, with its acquisition of Care Capital Properties and ongoing attempts to shed assets operated by troubled provider Genesis Healthcare (NYSE: GEN). Rick Matros, the Irvine, Calif.-based real estate investment trust’s (REIT) CEO, has been outspoken about the changes sweeping the […]