Atria deploys Alexa devices across entire national portfolio
By
Kimberly Bonvissuto
Jun 14, 2023
A smart home collaboration will see Amazon Alexa devices deployed across Atria Management Co.’s entire national portfolio, which the company says is a first in the senior living industry.
Wearables will drive IoT medical device market to $239 billion by 2030
By
Christine Birkner
Jun 13, 2023
The IoT medical devices market will boom over the next seven years, fueled by the expansion of wearable devices, according to research.
Competition leads to ‘pronounced’ changes in senior living occupancy dynamics: NIC
By
Kimberly Bonvissuto
Jun 12, 2023
The senior housing market is experiencing a “pronounced change in occupancy dynamics,” reflecting “intense” competition between new and existing properties, according to the latest NIC MAP Vision...
Cybersecurity vigilance, safeguards heralded to protect ever vulnerable senior living groups
By
Christine Birkner
Jun 08, 2023
With senior living vulnerable to cyber attacks, having thorough cybersecurity strategies in place is vital for senior living administrators.
Maintaining independence is biggest draw for potential senior living residents, study suggests
By
Kimberly Bonvissuto
Jun 06, 2023
Highlighting their efforts to help residents maintain their independence may help senior living operators attract more residents than highlighting affordability, suggest the results of a McKinsey Health...
Long-term care adds 9,000 jobs in May, Labor Department says
By
Kathleen Steele Gaivin
Jun 05, 2023
Nursing and residential care facilities added 9,000 jobs in May, according to employment data released Friday by the Department of Labor’s Bureau of Labor Statistics.
Americans are facing a “new retirement reality” brought on by economic challenges such as inflation, market volatility, financial crises and fears of bank failures, according to a recently released...
Health services, education sector loses 29,000 jobs in May
By
Kathleen Steele Gaivin
Jun 02, 2023
Private-sector employment added 278,000 jobs last month, but the health services and education sector lost 29,000 jobs. That’s according to the May ADP National Employment Report produced by the ADP...
OPI closes $30.7 million mortgage loan for Diversified Healthcare Trust merger
By
Kathleen Steele Gaivin
May 30, 2023
Newton, MA-based Office Properties Income Trust has begun implementing its financing strategy for its merger with Diversified Healthcare Trust, the real estate investment trust announced Friday. OPI has...
Senior living asking rates hit near-record highs year over year: NIC
By
Kathleen Steele Gaivin
May 30, 2023
Growth for asking rates for independent living, assisted living and memory care each hit “near record highs” in the first quarter, National Investment Center for Seniors Housing & Care Chief Economist...