Brookdale CEO: We’re Positioned for ‘Where Health Care is Going’ as Medicare Advantage Expands
Senior Housing News
by Tim Regan
2h ago
This article is part of your SHN+ subscription If you’ve paid attention to Brookdale Senior Living (NYSE: BKD) in the last few years, you have no doubt heard of HealthPlus. When I spoke with Brookdale CEO Cindy Baier this week, we chatted about the program and its place in the company’s growth plans. “One of the most important things you can have in life is your health, particularly as you get older,” Baier told me. “So, we made a very conscious effort to say, ‘How do we become a better, more integrated part of the health care continuum?’” The Brentwood, Tennessee-based operator launched Healt ..read more
Visit website
In the Pipeline: LifeSpire of Virginia Plans $80M Renovation; Oak Trace’s $112M Campus Redevelopment 
Senior Housing News
by Austin Montgomery
10h ago
In the Pipeline is part of your SHN+ subscription 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. Construction: Planned LifeSpire of Virginia announces expansion plans Nonprofit senior living provider LifeSpire of Virginia recently announced a major expansion plan for The Summit senior living community in Lynchburg, Virginia. The expansion will add dozens of residences along with updated and additional amenities at the community that was acquire ..read more
Visit website
Study: Air Pollution, Alcohol, Diabetes Are Top 3 Dementia Risk Factors
Senior Housing News
by Tim Regan
1d ago
People who are exposed to air pollution, have diabetes or drink alcohol could be more likely to develop Alzheimer’s disease, according to a new study. The study, released Wednesday in the journal Nature Communications and conducted by researchers at the University of Oxford, was based on the brain scans of about 40,000 people between the ages of 44 and 82 in the U.K. biobank. For the study, researchers examined multiple different risk factors – blood pressure, diabetes, cholesterol, weight, alcohol, smoking, depression, hearing, inflammation, pollution, sleep, exercise, diet/supplementation, s ..read more
Visit website
Transactions and Financings: Merrill Gardens Adds Three to Management Portfolio; G Capital Markets Arranges $15M Loan
Senior Housing News
by Austin Montgomery
1d ago
Management transactions  Merrill Gardens named management company for multiple communities Senior living owner-operator Merrill Gardens announced the management of three new communities in Missouri and Washington, according to a news release from the Seattle, Wash.-based company. Merrill Gardens is now the management company for Murano Senior Living in Seattle, Washington and Merrill Gardens at Tukwila, Washington. Murano Senior Living is a 243-unit high-rise senior living community with independent living, assisted living and memory care. Amenities include a fitness center, art studio, t ..read more
Visit website
Sonida Senior Living on Better Financial Footing With ‘Significant Pipeline’ Ahead in 2024
Senior Housing News
by Andrew Christman
1d ago
Sonida Senior Living’s (NYSE: SNDA) recent moves to put the operator on better footing have led to margin improvements and a stronger financial and growth year in 2024. Thanks to efforts including a $50 million equity private placement from Conversant Capital, the company is now looking ahead to future growth in 2024 and beyond. And progress for the full year of 2023 represented the “strongest year over year performance improvement in the company’s recent history,” he added. “We emerge today free from going-concern language in our financials, with capital available to invest in our portfolio a ..read more
Visit website
Memory Care Sector Needs 1 Million More Direct Care Workers by 2031
Senior Housing News
by Andrew Christman
1d ago
The memory care sector requires one million new direct care workers by 2031, a need greater than in any other occupation in the U.S. That’s according to the latest Alzheimer’s Association 2024 Facts and Findings report, released earlier this month. The annual report details national and state statistics related to Alzheimer’s prevalence, mortality, cost of care and caregiving. According to the report, between 2012 and 2021, the number of direct care workers increased from 3.2 million to 4.8 million. But more than 1 million additional direct care workers are needed between 2021 and 2031 to meet ..read more
Visit website
How Senior Living Operators Are Shifting Digital Marketing Strategies for the Boomer Generation
Senior Housing News
by Andrew Christman
2d ago
Senior living operators have sought to capitalize on the industry’s so-called shift to digital by overhauling their websites, changing web strategies and generally doing things differently than only a few years ago. One big reason for them doing so is that baby boomers are fast approaching, and they are bringing with them new preferences for finding communities online. As a result, operators have become more sophisticated in how, where and when they advertise to older adults, with a big focus on the web. While that has led to new and enhanced sources of inbound traffic, it has also necessitate ..read more
Visit website
New Hubbell Realty Subsidiary Highmark Takes More Hands-On Approach to Senior Living Operations 
Senior Housing News
by Andrew Christman
2d ago
Hubbell Realty has launched a new business vertical to have a closer hand in managing its Edencrest brand of senior living communities. At the start of the year, the West Des Moines, Iowa-based company announced its subsidiary Highmark Senior Living was taking on management of six Hubbell communities operating under the Edencrest banner. The communities are described as having amenities including restaurant-style dining, beauty salons and fitness centers; with assisted living and memory care units for residents. New Edencrest communities would also be managed by Highmark. There are currently s ..read more
Visit website
12 Oaks Senior Living Builds Out ‘High-Touch’ Management Model as Portfolio Expands
Senior Housing News
by Andrew Christman
3d ago
This article is available as part of your SHN+ membership. Following a strong performance in 2023, 12 Oaks Senior Living is looking to keep that momentum going through this year as well. That’s according to President Greg Puklicz, who told Senior Housing News the company was able to grow its portfolio to 38 communities and saw its occupancy increase by 16 points over the course of the year, with a companywide average around 80%. Additionally, revenue per available room (RevPAR) increased around 10.4% throughout 2023, which is largely tied to rate increases. A major factor in that growth was th ..read more
Visit website
American Healthcare REIT Sees Upside in Independent Living Villa Concepts, Touts Trilogy Recovery 
Senior Housing News
by Austin Montgomery
6d ago
American Healthcare REIT (NYSE: AHR) sees future upside in expanding independent senior living development at some of its Trilogy Health Services senior living campuses, according to President and CEO Danny Prosky.  Prosky’s bullish comments on Trilogy’s operating upside going forward and the tailwind from the REIT public offering last month came during Friday’s fourth quarter 2023 earnings call. Trilogy comprises the Irvine, California-based real estate investment trust’s largest operator, and Trilogy delivers the full continuum of senior living and skilled nursing services. As it stands ..read more
Visit website

Follow Senior Housing News on FeedSpot

Continue with Google
Continue with Apple
OR