How Five Star is Taking Senior Living Wellness to the Next Level
As senior living aims to be taken more seriously across an evolving health care landscape, today’s providers recognize that it’s all about measuring outcomes.
As senior living aims to be taken more seriously across an evolving health care landscape, today’s providers recognize that it’s all about measuring outcomes.
The decision to move into senior living is one that takes time — time that senior living providers are often looking to shorten, especially as seasonal occupancy declines drag down operational efficiencies.
From celebrity chefs and restaurant-caliber meals to upscale venues and unique programming, the senior living dining experience is anything but average.
Sometimes taking one step back means taking two steps forward. At least that was the case with Lisa Brush, whose more than 20-year career includes time at Sunrise Senior Living, its REIT counterpart, and Ventas.
With more than 50 years of combined senior living experience, industry veterans Brad Haber and Brian Cloch assure that their newly formed post-acute care provider, Innovative Health LLC, will be anything but amateur.
Senior living design is a balancing act: Providers must create communities to suit the markets where they are today, but also position them with an eye toward a future that is in many ways uncertain. With an approach that emphasizes longevity and timelessness, that can be achieved.
Imagine: A ranch-style home in an average Midwest neighborhood converted into a small community where residents receive personalized memory care for a fixed monthly price from the same caregiver every day.
Rapid evolution and expansion are prevailing in the senior living industry. With this growth comes opportunities to innovate to meet the needs of residents.
From giants like Google and Apple to Uber and other burgeoning startups, tech companies are lining up to cash in on a swelling senior population that’s increasingly living longer and requesting more services to help them age in place.
A relatively new transportation innovation, San Francisco-based Uber first drove into the senior care space in October when it launched its uberASSIST offering.
After its previously announced $1.75 billion acquisition of Ardent Health Services, Inc., Ventas, Inc. (NYSE: VTR) has agreed to a deal with Equity Group Investments, which will take a majority ownership of the company’s hospital operations.
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million.
Eighty-three percent of prospective residents and their family members will visit more than one community during their search for senior living.
The importance of a senior living tour is undeniable. For many prospects, it seals the deal to move into a community; but if the tour isn’t done right, it can lead potential residents straight to a competitor’s doorstep.
A month after Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced its pipeline would more than double, the senior housing investor is making good on its promise with a nine-property senior housing portfolio acquisition and a 10-property development pipeline.