Average salaries for assisted living community presidents/CEOs across the country increased 2% over the past year, up from the 1.33% increase that the executives received in the previous year but down...
‘Profound’ financial, workforce challenges persist for senior living providers as 2024 begins
By
Lois A. Bowers
Jan 02, 2024
Senior living operators will continue to face inflationary pressures and capital market challenges in 2024, but some effects may lessen before the year is out, according to senior living industry experts....
Investors predict senior living rent increases of 3 to 7 percent
By
Lois A. Bowers
Jan 02, 2024
Sixty-six percent of respondents to a newly released survey said they expect rental rate increases of 3% to 7% over the next 12 months for active adult, independent living, assisted living and memory care...
Big senior living stories of 2023
By
Lois A. Bowers
Dec 21, 2023
The long shadow of the pandemic continued to recede in 2023, although the senior living profession continued to feel its effects. The COVID-19 public emergency ended May 11. Wage growth has declined but...
A big lump of coal … and an opportunity
By
Lois A. Bowers
Dec 18, 2023
Christmas came early for the senior living field on Sunday, when providers collectively found a big lump of coal in the industry stocking. But that stocking also contains an opportunity.
Quality, safety, accountability vital, industry leaders say, as Washington Post report cites deaths at...
By
Lois A. Bowers
Dec 18, 2023
Senior living industry leaders stressed their belief in the importance of quality, safety and accountability Sunday in response to a package of articles in the Washington Post titled “Memory Inc.,”...
‘Plain vanilla’ senior living still won’t do
By
Lois A. Bowers
Dec 18, 2023
As McKnight’s Senior Living turns 20, Bob Kramer discusses how operators must customize and personalize their offerings to attract and keep residents.
3 big challenges for senior living
By
Lois A. Bowers
Dec 15, 2023
As McKnight’s Senior Living marks its 20th anniversary, what’s ahead for senior living? John O’Connor, editorial director, vice president and associate publisher, said he sees three major challenges...
Two-thirds of those 50+ anxious about assisted living affordability: survey
By
Lois A. Bowers
Nov 27, 2023
Two-thirds (66%) of Americans aged 50 or more years participating in a recent poll said they are “mostly” or “somewhat” anxious about being able to afford the cost of an assisted living community...
Federal, lender support needed for assisted living operators to lower rates, leader says
By
Lois A. Bowers
Nov 21, 2023
Financial support from the federal government and private lenders would be required to lower assisted living rates, National Center for Assisted Living Executive Director LaShuan Bethea told the New York...