Operations

FeaturesNewsOperationsPeopleTechnology

KARE CEO: ‘Culture’ Doesn’t Mean What Operators Think

by Jeff Shaw

PHILADELPHIA — It is common to hear operators proudly profess that it’s their culture that allows them to be top employers in the seniors housing industry, helping to face the massive labor shortage within the sector. However, “culture” can be a nebulous word, and employee surveys show that what employees say makes for a good culture is far different from what the employers believe, according to Charles Turner, CEO of shift-filling software platform KARE. Turner, a former president of two operators in previous positions, didn’t pull punches regarding the overuse …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsOperationsPeople

Acts Adds Three to Board of Directors

by Jeff Shaw

FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has added James Glynn, Heinz Hegmann and Dr. Daniel Middlebrooks to its board of directors. Glynn is co-founder (now retired) of GlynnDevins, one of the leading technology-enabled marketing agencies serving the senior living category. He is a frequent presenter at national and state trade associations. He started in senior living in 1981 as the vice president of marketing at John Knox Village. He holds a bachelor’s degree in economics from Rockhurst University. Hegmann is a retired …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultAffordable HousingAssisted LivingDevelopmentFinanceIndustry ContentOperationsVideosWebinars

Webinar: What Will 2023 Hold for Seniors Housing Investment & Acquisition Activity?

by Sarah Daniels

    In an uncertain time for the seniors housing industry, the “What Will 2023 Hold for Seniors Housing Investment & Acquisition Activity?” webinar focused on what’s influencing the landscape now and what is likely to affect it in the near future. The Dec. 8 panel discussion, hosted by Seniors Housing Business and sponsored by Valuation & Information Group, delved into tough topics like wages and staffing; inflation; the costs of debt and equity; government reimbursement; and other economic factors to illuminate what we can expect in 2023. Tune in …

Continue Reading
4 FacebookTwitterLinkedinEmail
IndianaNewsOperations

Blueprint Arranges Operator Transition for 28-Property Portfolio in Indiana

by Jeff Shaw

INDIANA — Blueprint Healthcare Real Estate Advisors has arranged an operator switch for a portfolio of 19 skilled nursing facilities and nine assisted living communities in Indiana. The owner is a joint venture group and the new operator is a Midwest-focused company. The outgoing operator has expressed its intention to not renew its lease.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsOperationsSkilled Nursing

Cambridge Provides $18.1M HUD Refinancing for Bria of Westmont in Illinois

by Jeff Shaw

WESTMONT, Ill. — Cambridge Realty Capital Cos. has provided a $18.1 million HUD Lean loan to refinance Bria of Westmont, a skilled nursing facility in Westmont, approximately 20 miles west of downtown Chicago. Andrew Erkes, Cambridge President, said Cambridge provided the fully amortized, 35-year loan to an Illinois limited liability company. Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans, underwrote the loan. Bria of Westmont is a 215-bed skilled nursing facility. It provides a range of skilled services and programs, including short-term …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesOperationsTechnology

How to Manage the ‘Tripledemic’ of COVID, Flu and RSV

by Jeff Shaw

By Sara Aristizabal, Delos Labs For over two years, people in the United States and around the world have lived under varying levels of precautionary measures to control the outbreak of COVID-19. Mandatory masking, vaccinations, social distancing and stay-at-home restrictions helped to slow the spread of the virus and prevent deaths. Inadvertently, these governmental policies also reduced respiratory infections that only a few years ago were of great concern, particularly among older adults and children, including influenza and the respiratory syncytial virus, or RSV. Recently, however, many countries have either …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

Buckner Retirement Services Hires Allison Vanderford as Senior Director of Sales

by Jeff Shaw

DALLAS — Buckner Retirement Services, a Dallas-based operator, has named Allison Vanderford to the position of senior director of sales. Vanderford will provide sales leadership and strategic support for the six Texas communities operated by the faith-based, nonprofit senior living provider. Vanderford previously worked as vice president of sales for Integrated Real Estate Group in Dallas, managing its Integrated Senior Lifestyles property portfolio. She has also held sales leadership roles at Elan Westpointe (Life Care Services) in New Braunfels, Comfort Keepers in San Antonio, and Westminster in Austin. Vanderford has …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaNewsOperations

12 Oaks Senior Living Takes Over Management of Copper Canyon in Tucson, Arizona

by Jeff Shaw

TUCSON, Ariz. — 12 Oaks Senior Living has taken over operations of Copper Canyon Memory Care & Transitional Assisted Living in Tucson. 12 Oaks intends to expand and enhance the service offerings at the community while restoring stability and planning for long-term growth. Copper Canyon augments four other senior living properties that 12 Oaks currently manages for the same ownership group.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

LCS Promotes GeLynna Shaw to Executive Vice President of Operations

by Jeff Shaw

DES MOINES, Iowa — LCS, the nation’s third-largest senior living operator, has promoted GeLynna Shaw to the role of executive vice president of operations/senior living management. Effective Jan. 1, she will be responsible for supporting Chris Bird, president and chief operating officer, in leading the company’s operating activities. Shaw’s 25-year senior living career includes experience in finance, mergers, acquisitions and operations for both continuing care retirement communities (CCRCs) and rental communities. She joined LCS in 2018 as the senior vice president of operations for the rental division and has been …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany NewsNewsOperationsWashington

Sabra Transitions Operations of 24 West Coast Skilled Nursing Facilities to Ensign, Avamere

by Jeff Shaw

IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA), an Irvine-based investor, plans to transition a 24-property portfolio previously leased to North American Health Care Inc. to two of Sabra’s existing tenants: The Ensign Group (NASDAQ: ENSG) and the Avamere Family of Companies. Ensign will add 20 properties located in California to two master leases with Ensign operating companies with initial terms of 18 and 20 years, each with an accompanying corporate guarantee from Ensign. The initial annual rent attributable to the 20 properties will be $29.4 million, with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts