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.
The first quarter of 2015 was marked by weak absorption and falling occupancy levels for senior housing properties, fueling the industry’s concern that some markets are overheating.
Only 12% of baby boomers are actively searching for senior living options online — either for themselves or for aging parents or loved ones. But for those who are seeking information, they may not be looking in the right places, according to Google data and survey responses.
To reduce staff turnover and boost the bottom line, it makes sense that staff training and development programs should be a priority for senior living providers.
The nation’s largest health care real estate investment trust (REIT) had humble beginnings in the 1970s. But since then, Health Care REIT (NYSE: HCN), a $40 billion company, has vastly expanded its reach, while periodically shifting strategies to keep up with the evolving senior care landscape.
Health care partnerships may be the wave of the future, but for senior living providers and Accountable Care Organizations (ACOs), something’s got to give.
Senior Living providers have found plenty of success in their respective price and product niches. But some operators are finding that even while they excel in targeting one particular price point, they can capture another price point by developing new products that are branded and marketed independently from their existing model.
Less than four months into his new role as president and CEO of the Assisted Living Federation of America, James Balda has helped roll out new credentialing efforts, launched a campaign that aims to prepare industry stakeholders for the next 10 years, and hosted his first annual conference, which had a record 2,700 attendees.
As rates of construction continue to climb and new competitors enter the landscape, senior living development has become a game that providers must approach carefully in order to capture market share and ultimately drive revenue.
The future of designing senior housing presents quite the conundrum for developers and operators, especially when it comes to making that housing affordable: While the demand for the product is clear, the challenges in building these facilities are often insurmountable.
Evrett Benton, former president, CEO and co-founder of Five Star Quality Care, Inc. (NYSE: FVE), has always been an acquisitions guy.
BMA Management Ltd., which ranks among the top-30 largest senior living providers nationwide, has announced plans to change its name to Gardant Management Solutions this spring.
Development is booming for many existing senior living operators across the country. One top-10 operator is targeting growth not only across its current product offering, but also in rolling out an entirely new development pipeline aimed at a slightly higher price point.
As the senior care industry gains more traction among both veteran and fledgling tech companies, one startup is poised to take the aging services sector by storm.
While a deal remains to be seen, it’s clear Brookdale Senior Living (NYSE: BKD) shareholders and investors are “stirring the pot” when it comes to the company’s massive real estate portfolio — and senior management isn’t ruling out any possibilities.
ACTS Retirement-Life Communities isn’t one to let any grass grow under its feet. And the organization’s latest investment is a testament to its strategy to consistently revamp its continuing care retirement communities (CCRCs) with an eye toward the future.
In the sales world, it’s called a “micro-yes.” In the senior living world, it’s called guiding a lead.
There may be risks facing the senior housing market in the coming months and years, but that isn’t stopping top industry players from keeping an overwhelmingly positive outlook on the sector.
As senior housing providers seek ways to capitalize on Americans’ preferences to age in place, technology will become increasingly important in doing so — and could lead to significant cost savings for providers.
From a resurgence of the independent living product to expansion opportunities and a positive economic outlook, not-for-profit continuing care retirement communities (CCRCs) face an optimistic future.
Baby boomers may be the new “decider in chief,” but when it comes to marketing to them, senior living providers are missing the mark.
When former Sunrise executive Tiffany Tomasso launched Kensington Senior Living five years ago, her career in senior housing came full circle.
Nobody knows the ebbs and flows of the economy like Eugene, Oregon-based Waterford Grand.