EVANSTON, Ill., and CHAUTAUQUA, N.Y. — Mather and Chautauqua Institution have entered into a partnership to jointly implement research and programming to engage and enrich the lives of seniors, while also providing a forum to discuss critical issues. Through the partnership, residents of senior living communities across the U.S. are invited to engage in CHQ Assembly, a new video platform where subscribers can access lectures, worship, performances, visual arts and recreation programs on their desktop or laptop computers or on mobile devices and televisions. Chautauqua Institution, based in the Western …
Company News
BEND, Ore. — Sunshine Retirement Living has announced plans to move into a new headquarters within its current home of Bend. While the square footage was not released, the new headquarters will triple the company’s current footprint. Sunshine operates 32 communities across 16 states, with plans for “significant expansion.”
SHEBOYGAN, Wis., and MINNETONKA, Minn. — PalCare and Notify Nurse Call have formed a strategic partnership that will provide senior living communities with emergency alert systems, nurse call mobile applications and management dashboards. Sheboygan-based PalCare has partnered with over 1,600 communities across North America to implement technological solutions for resident safety and caregiver efficiency. Services include nurse call, access control and wander management. Minnetonka-based Notify is a mobile nurse call system that allows caregivers to receive and respond to alerts from wherever they are in the building.
BALTIMORE — Developer and owner Capital Health Group has launched its new management company, Elegance Living, with Josh Krull as the CEO. Krull has over 20 years of experience in all facets of senior living. He spent 13 years at Atria Senior Living where he was most recently the operations chief of staff. Among other roles at Atria, he worked closely with the COO to oversee operations of communities across North America. Headquartered in Baltimore, Elegance manages 46 senior housing communities in 16 states with approximately 4,150 units, 750 of …
LOUISVILLE, Ky. — myFamilyChannel, a technology company focused on seniors, has named Tim Wesley as its new president. Wesley has 30 years of experience as an executive in healthcare and senior living companies such as Humana, Vencor, Atria and Elmcroft Senior Living. The company, based in Louisville, provides a senior-friendly communications platform that allows families, residents and staff to communicate through smart phones and television screens. Additionally, it provides a pathway for telehealth and communication by physicians, hospitals and other senior-focused companies. Wesley, who served as a consultant to the …
CHICAGO — Ventas Inc. (NYSE: VTR), a Chicago-based REIT and one of the largest owners of seniors housing in the United States, has adjusted its corporate cost structure in response to the COVID-19 pandemic’s impact on the company. In mid-June, Ventas plans to eliminate roles representing over 25 percent of its corporate positions, excluding onsite field personnel, according to a May 27 SEC filing. In addition, for the second half of 2020, the company will reduce the base salary of CEO Deb Cafaro by 20 percent, while reducing the salaries …
BEDFORD, N.H. — Single Digits, a wireless network provider serving multiple commercial real estate sectors including seniors housing, has acquired Inviacom, a provider of Wi-Fi and connectivity services for senior living communities across the U.S. Bedford-based Single Digits cites Inviacom’s specialty in the seniors housing sector as a reason for the purchase. The buyer plans to combine the software and service offerings of the two companies. “Inviacom has been providing exceptional managed Wi-Fi, VoIP, white glove training services and hands-on support to senior living communities since 2011,” says Stephen Singlar, …
NEW YORK CITY and MURFREESBORO, Tenn. — Two of the larger REITs in seniors housing, New York-based New Senior Investment Group and Murfreesboro-based National Health Investors, released first-quarter reports showing continued profitability despite the ongoing struggles due to the COVID-19 pandemic. New Senior reported 141 positive coronavirus cases in its communities — 101 residents and 40 workers — across 16 communities. With 10,800 residents and 3,300 workers, that accounts for 1 percent of the company’s population. One particularly large outbreak at a continuing care retirement community in Philadelphia accounts for …
IRVINE, Calif., NEWTON, Mass., and SAN CLEMENTE, Calif. — Three major REITs in the seniors housing sector, Irvine-based Sabra Health Care REIT, Newton-based Diversified Healthcare Trust (DHC) and San Clemente-based CareTrust REIT, have released their first-quarter reports, including updates on how the companies are handling the coronavirus epidemic. Sabra reported that it has “not seen a material disruption from the COVID-19 pandemic in the monthly payment of rents and have not utilized any deposits or other credit enhancements for payment of rent as a result.” The company suggests the positive …
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL), a Toledo-based REIT and the largest owner of seniors housing in the United States by number of units, has reported coronavirus-related expenses hit $7 million in March. Across the company’s 586 seniors housing communities, there were 1,044 confirmed cases of the virus as of May 1. The numbers came in Welltower’s first-quarter earnings report. Although 72 percent of the company’s seniors housing properties have zero cases of COVID-19, the majority of the properties that do have at least four cases. “The financial headwinds …