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Webinar: Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?

by Sarah Daniels

  How do owners, operators, investors, developers and lenders view valuation in seniors housing? Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?” to weigh in as trends in the market solidify. What can the seniors housing industry expect when it comes to construction, labor, the impact of equity and debt on valuations, changing operating models and more? How can the industry bounce back from low occupancy rates? What will determine value now and in the immediate …

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Industry VoicesOperations

Planning Live Events Becomes a Post-Pandemic Challenge

by Jeff Shaw

By Mark Lawrence, Oakmont Assisted Living Residents of assisted living facilities across the nation are getting vaccinated in large numbers. Nearly 4.9 million residents and staff in long-term care have received at least one shot. With the vaccination rate increasing every day, residents are looking forward to participating in live events and going on field trips again. However, we can’t just restart old activities as if everything is back to normal. It is important that assisted living facilities prepare for events with safety in mind. Here are a few things …

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IdahoNewsOperations

Blueprint Negotiates Operator Switch at Valley View Nursing & Rehabilitation in Boise

by Jeff Shaw

BOISE, Idaho — Blueprint Healthcare Real Estate Advisors has arranged the installation of a new operator at Valley View Nursing & Rehabilitation, a skilled nursing facility in Boise. The 120-bed facility is a component of a larger campus that includes 51 units of independent living and 143 units of assisted living. The landlord, a national owner-operator, manages the rest of the campus and sought a new tenant for the skilled nursing portion. The new skilled nursing operator is a West Coast-based management company.

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AcquisitionsMinnesotaNewsOperationsWisconsin

Lifesprk to Acquire Tealwood Senior Living, Bill Thomas to Spearhead New Model

by Jeff Shaw

MINNEAPOLIS and BLOOMINGTON, Minn. — Lifesprk, a Minneapolis-based community-based services provider, has announced plans to acquire Tealwood Senior Living, a Bloomington-based operator with 35 seniors housing communities. “The current senior housing market, accelerated by the pandemic, created significant opportunity to provide a markedly different approach to senior living,” says Joel Theisen, Lifesprk CEO. “Both Lifesprk and Tealwood are well-positioned to seize that opportunity by joining forces to serve seniors more fully, connecting them to everything they need in one system to age magnificently and transform the way people experience senior …

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Derek Ross Philips Seniors Housing Technology
Content PartnersFeaturesIndustry ContentMemory CareOhioOperationsPeopleSkilled NursingTechnology

Personalizing Wellness: Using Data to Promote Resident Health

by Sarah Daniels

Seniors housing technology has long been focused on health and safety — keeping residents safe from falls, managing medicines and addressing health changes that require a doctor’s oversight. But the future of seniors housing may lie more in the direction of holistic wellness — personalized nutrition, evidence-based decision-making for increasing or decreasing medical interventions and better resident experiences. Over the next decade, data will be the driving force for communities that embrace wellness goals, according to Derek Ross, CEO, Aging and Caregiving at Philips.  “There is a huge opportunity to …

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NewsOperationsPeople

Grace Management Hires Sarah Moriyama as National Director of Hospitality and Engagement

by Jeff Shaw

MAPLE GROVE, Minn. — Grace Management Inc., a Maple Grove-based operator, has hired Sarah Moriyama as national director of hospitality and engagement. Moriyama will provide support, inspiration and training for hospitality and engagement to all of Grace Management’s senior living communities throughout the country. Prior to joining Grace Management, Moriyama built a career with Disney. She has more than a decade of leadership experience working within the many facets of operations and hospitality. Moriyama earned her bachelor’s degree in in fashion merchandising from Kent State University and her MBA from …

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NewsOperationsPeople

Cadence Living Hires Randi Cohen as Vice President of Media and Marketing

by Jeff Shaw

SCOTTSDALE, Ariz. — Cadence Living, a Scottsdale-based operator, has hired Randi Cohen as vice president of media and marketing. Cohen will have principal responsibility for all media and marketing strategy of Cadence’s growing portfolio of senior living communities. Cohen brings over 20 years of marketing experience with the last seven years devoted to healthcare and senior living. Her expertise includes brand strategy and creating growth through omni-channel marketing. Before joining Cadence, Cohen worked at Pasadena, California-based Regency Park Senior Living where she was responsible for all aspects of the company’s …

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AcquisitionsIndependent LivingNewsOperationsTexas

True Connection Communities to Operate 156-Unit Skye Luxury Senior Living Near Austin, Texas

by Jeff Shaw

LEANDER, Texas — True Connection Communities (TCC) has expanded its operating platform with the addition of Skye Luxury Senior Living, a 156-apartment independent living community in Leander, a northwestern suburb of Austin. A value-add opportunity, TCC plans to upgrade the nearly four-year-old community by improving design elements in select apartments, modifying the dining room to accommodate more dining tables, and enhancing the pool deck to create a more inviting space for residents. The community will be rebranded as Verena at Leander. True Connection Communities operates a portfolio of 13 active …

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NewsOperationsPeople

EPOCH Senior Living Promotes Kristine Tilton to VP of Operations for Waterstone Senior Living

by Jeff Shaw

WALTHAM, Mass. — EPOCH Senior Living has promoted Kristine Tilton from an executive director position to vice president of operations for Waterstone Senior Living. Tilton will now be responsible for the operational oversight of all current and future communities. Waltham-based EPOCH Senior Living has operated New England senior living communities since 1997.

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FloridaNewsOperationsPeople

Watercrest Promotes Michelle Miller to Executive Director of Community in Sebastian, Florida

by Jeff Shaw

SEBASTIAN, Fla. — Watercrest Senior Living Group has promoted Michelle Miller to executive director of Pelican Landing Assisted Living and Memory Care in Sebastian. Miller will replace Kim Sviben, who was recently promoted to area director of operations. Miller joined Watercrest in 2019 as assistant executive director of Watercrest St. Lucie West, where she supported community growth and established relationships with her team and resident families. Miller brings 22 years of nursing experience to her role, as well as service in the U.S. Army where she spent four years in …

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