ProMedica to lay off 100, leave 60 more positions unfilled a month after HCR ManorCare deal
By
Lois A. Bowers
Aug 27, 2018
ProMedica is laying off approximately 100 people and will not fill an additional 60 vacant jobs almost exactly a month after finalizing a deal through which it gained control of assisted living and skilled...
KKR eyes senior living with new $2 billion fund
By
Lois A. Bowers
Jan 11, 2018
Global investment firm KKR announced Wednesday that it has closed on a $2 billion fund that will invest in senior living communities as well as apartment buildings serving all ages.
McKnight’s 40 for 40: Thomas J. DeRosa
By
Lois A. Bowers
Sep 14, 2020
Those hoping to get a sneak peek into the future of senior living might consider studying the playbook of Toledo, OH-based Welltower. The REIT has displayed innovative thinking under Tom DeRosa, who has...
Brookdale ‘still well ahead’ of others on Argentum list of largest senior living providers for 2019
By
Lois A. Bowers
Sep 05, 2019
Despite a 15% reduction in units over the past year, Brentwood, TN-based Brookdale Senior Living is “still well ahead of the rest of the pack,” holding onto the No. 1 spot on Argentum’s new list...
More news for Friday, Aug. 30
Aug 30, 2019
1 year later: An update on the Welltower-ProMedica partnership … New York Times opinion piece says assisted living is “how not to grow old in America” … Drinking coffee may ease tremors in...
KKR is new financial partner for Benchmark
By
Lois A. Bowers
Aug 14, 2019
New York-based global investment firm KKR & Co. is a new financial partner for Benchmark Senior Living, buying 48 communities that formerly were owned by real estate investment trust Welltower.
Diversity ‘even more critical’ in senior living
By
Lois A. Bowers
Aug 12, 2019
Companies operating in senior living increasingly are taking steps to make their boards and C-suites look more like the customers they serve and the workers who serve them. It’s a smart and welcome...
Welltower encouraged by first-quarter senior housing performance
By
Lois A. Bowers
May 01, 2019
Welltower executives Tuesday said first-quarter senior housing operator portfolio results exceeded expectations in rate, occupancy and labor costs.
Big senior living stories of 2022
By
Lois A. Bowers
Dec 22, 2022
Here are some of the major stories that affected senior living providers in 2022.
Big senior living stories of 2021
By
Lois A. Bowers
Dec 22, 2021
2021 began with the hope that the new COVID-19 vaccine being rolled out to assisted living communities and nursing homes would help control a pandemic that had caused so much illness, death, loneliness,...