Thursday, May 15, 2025
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Industry Voices

Industry VoicesInvestment

The SHB Interview: Arnie Whitman, Executive Chairman, Formation Capital

by Jeff Shaw

Longtime investor seeks technologies that will transform the way seniors and healthcare intersect. By Jeff Shaw Though his career has largely focused on the capital markets end of seniors housing, Arnie Whitman is much more than just a money man. “It’s more about making a difference than making a buck,” he says. Whitman entered the seniors housing industry in 1984 when he was hired to lead an acquisitions team for real estate investor and nursing home magnate Abraham Gosman. The company, Meditrust, was trying to go public. Although Whitman had …

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Industry VoicesInvestment

Question of the Month: Time to Invest?

by Jeff Shaw

How do you know whether to keep your powder dry or jump back into the investment/development markets? Buying, but not building Rick Shamberg Managing Director Scarp Ridge Capital Partners Our firm has taken a bullish approach to the acquisition market in senior living and a more conservative approach to development opportunities. Given the dislocation and interruption stemming from the pandemic, including pressure on sponsors (which in some cases has translated to more reasonable valuations), pent-up demand from consumers, high construction costs for new development, and a general lack of new …

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Industry VoicesOperationsTechnology

EPA’s Clean Air Guidelines Put Pressure on Owners, Operators to Meet the Challenge

by Jeff Shaw

By Marshal Sterio, CEO, Surgically Clean Air There is nothing as important as the air we breathe. But while we can’t live without it, air is sometimes the very thing that makes us sick. From COVID-19 to seasonal allergies and the common cold, so many unpleasant or dangerous illnesses are carried on the air. This makes enclosed indoor spaces particularly treacherous when it comes to staying healthy, as the lack of places for air to escape means contaminated air particles build up over time. Some microbes can live on a …

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Industry VoicesLegal Issues

It’s Time to Reevaluate Your Existing Property Insurance Coverage

by Jeff Shaw

By Chip Stuart, Chief Sales Officer, Hub International The new wave of challenges facing the global economy in 2022 such as inflation, continued supply chain delays, and labor shortages has caused property values to rise, along with the cost of construction. In commercial real estate, the impact of these disruptions is mostly felt in new construction, leaving owners of existing assets likely to benefit from shifting demand. Coupled with rising occupancy, seniors housing property owners could see historically high revenue growth in 2022. On the other side of the coin, …

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Industry VoicesOperations

Senior Care Needs a Business Model Overhaul

by Jeff Shaw

The need for change goes far beyond wages and staffing ratios. By Nate Hamme, Ceca Foundation In his State of the Union address on March 1, President Joe Biden announced new reforms intended to improve resident safety in nursing homes. Skilled nursing facilities (SNFs) would see changes to reimbursements from the Centers for Medicare & Medicaid Services (CMS) under the value-based purchasing model, requiring minimum staffing ratios and additional oversight of providers. The move comes as the industry faces unprecedented challenges in retaining and supporting workers. The pandemic has undoubtedly …

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Industry Voices

How Senior Living Facilities Can Be More Inclusive

by Jeff Shaw

Developing LGBTQ-affirming housing, implementing protections and advocating at the federal level can help serve this growing demographic. By Michael Adams, SAGE Due to lifetimes of discrimination, LGBTQ+ elders face unique challenges that have only begun to be addressed by communities across the country. They’re confronted with significant negative disparities across areas related to physical and mental health, and are more likely to face poverty, be homeless, and grow old alone and isolated.  As LGBTQ+ elders continue to face disproportionate rates of mistreatment, one of the most significant concerns for this …

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FeaturesIndustry Voices

The SHB Interview: Dr. Bill Thomas, Innovation Officer, Lifespark

by Jeff Shaw

Thought leader tries to move care of our seniors forward through various foundations and workplaces. By Jeff Shaw If you’re not familiar with Dr. Bill Thomas, you simply must not be paying attention. Whether it’s his TED Talks, movies, charitable foundations or his work with companies such as AARP (formerly known as the American Association of Retired Persons) and Holiday Retirement, Thomas has made quite a name for himself in the seniors housing industry. Thomas currently serves as innovation officer at Lifespark, a Minneapolis-based “whole person senior services company.” He …

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FinanceIndustry Voices

Lender Q&A: All About the Operator

by Jeff Shaw

As lenders look for safe, secure deals in a turbulent environment, strong partnerships are a larger consideration than geography, age or care type. By Jeff Shaw In times of trouble, we look to the people we trust. That’s certainly the approach of many lenders in the seniors housing space. As the recovery from COVID-19 continues, and occupancy rates remain well below pre-pandemic levels, financing has become dangerous terrain. So when looking for who should get favorable rates and terms, lenders are looking to the operators and markets they know can …

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Industry Voices

Question of the Month: Consumer Preferences

by Jeff Shaw

Compare and contrast consumer preferences today versus 10 years ago. What’s changed? Opportunities for innovation By Mitch Brown Principal Senior Housing Consulting For well over a decade, our industry has wrestled with the relevance of independent living within the seniors housing continuum. Leading-edge baby boomers who are just now entering the market are clearly looking for something different than traditional congregate living. They want choice, value, engagement and the ability to live a healthy, connected and relevant “Third Age.”  They are also concerned about the longevity of their financial resources …

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Industry VoicesLegal Issues

New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate Settings

by Jeff Shaw

By Heather Boshak, partner, Fox Rothschild LLP In January 2022, New Jersey announced new, stricter COVID-19 regulations that will require employees in healthcare facilities to be vaccinated and boosted and will effectively eliminate the testing option. Also covered under the new rules are workers in a range of congregate settings, such as prisons and group homes. As the number of new coronavirus cases and hospitalizations declined, we have seen states, cities and private employers easing vaccination and coronavirus mitigation requirements. The exceptions to that trend are the healthcare field, including …

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