The senior living industry must focus on innovation and “much-needed change” if it is to attract more residents and cultivate new revenue streams, according to a new issue brief from the American Seniors Housing Association.
Despite a 15% reduction in units over the past year, Brentwood, TN-based Brookdale Senior Living is “still well ahead of the rest of the pack,” holding onto the No. 1 spot on Argentum’s new list of the 140 largest senior living providers, the association said Wednesday.
Senior living organizations’ successes in addressing the industry’s top challenge — recruiting and retaining employees — were the center of attention Thursday as Great Place to Work and Fortune Magazine released their lists of Best Workplaces for Aging Services for 2019.
Brightview Senior Living and Embrace Living Communities top Fortune’s list of Best Workplaces for Aging Services for 2019, Fortune and Great Place to Work announced this morning. Brightview tops the list for large organizations, and Embrace tops the list for small and medium-sized organizations. A list of the top 10 at-home care providers also was released.
Sunrise Senior Living has filed a $30 million lawsuit against the town council of Vienna, VA, alleging that the body discriminated against older adults and people with disabilities in rejecting a rezoning application and conditional use permit for an assisted living and memory care community proposed for a downtown redevelopment area.
Welltower’s $2.6 billion in completed gross investments made the second quarter “one of our busiest ever for investments,” Chief Financial Officer John Goodey said Thursday during the real estate investment trust’s latest earnings call. But “the quarter was not driven by a bunch of deals,” Welltower Chairman and CEO Tom DeRosa said.
HCP continues work to transform the senior housing part of its portfolio, closing on $866 million in acquisitions in the second quarter, among other actions. The REIT’s CEO also commented on HCP’s relationship with Brookdale during the second-quarter earnings call Thursday.
Activity occurring after the end of the first quarter dominated much of HCP’s first-quarter earnings call Thursday, with the real estate investment trust announcing $558 million in senior living acquisitions that happened in April and May.
Thinking of becoming involved with Medicare Advantage efforts? These NIC Spring Conference speakers have tips for you.
Artificial intelligence has helped McLean, VA-based Sunrise Senior Living improve one-year employee retention at 265 of its U.S. communities by 14%, according to Vice President of Human Resources Mike Rodis.
