U.S. News & World Report has launched a “Best Senior Living” initiative with the goal of releasing inaugural listings for consumers in the first quarter of 2022. The program will cover individual independent living, assisted living, memory care and continuing care retirement/life plan communities.
The country’s largest independent living operator, Winter Park, FL-based Holiday Retirement, is requiring its more than 6,300 employees to receive their first COVID-19 vaccine by Oct. 4, the company announced Tuesday. The move comes one day after full approval of the Pfizer–BioNTech COVID-19 vaccine by the Food and Drug Administration.
Fifty companies providing residential senior living and care are in the spotlight after Fortune announced its Best Workplaces for Aging Services lists for 2021, the fourth round of such lists Fortune has published in partnership with people analytics firm Great Place to Work and Activated Insights, the senior care affiliate of Great Place to Work.
Sabra Health Care REIT President and CEO Rick Matros said Thursday that the real estate investment trust remains “completely committed to continuing to grow in senior housing,” despite its decision, announced Wednesday, to exit a joint venture with private equity firm TPG Real Estate through which it has a 49% stake in a portfolio of 158 Enlivant senior living communities.
As its acquisition by Ventas looms, expected to close before the end of the year, New Senior Investment Group’s portfolio is experiencing low COVID-19 case counts and upward-trending occupancy.
Senior living and care investments are on the rise as the U.S. economy begins to recover from the pandemic.
The three largest for-profit senior living providers — Brookdale Senior Living, LCS and Holiday Retirement — remained unchanged from 2020 in the 2021 Argentum & Lument Largest Providers Report, which includes 150 companies. Argentum released the new list on Wednesday.
Real estate investment trusts Ventas and New Senior Investment Group will merge in an all-stock transaction valued at $2.3 billion, including $1.5 billion of New Senior debt, the companies announced Monday morning.
Welltower announced yesterday that it will acquire 80 independent living and six combination independent living/assisted living properties from Holiday Retirement.
Atria Senior Living plans to acquire the management services division of Holiday Retirement as real estate investment trust Welltower acquires 86 Holiday owned and leased senior living communities for $1.58 billion.
