While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals.
It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 months. The deal combined two of the largest operators in the United States, and laid the groundwork for the venerable Holiday portfolio to serve yet another generation of older adults.
But this was far from the only notable deal of the year. Welltower was particularly active, and the company’s $1.3 billion acquisition of four portfolios led to a top-10 SHN story. Another major real estate investment trust — Ventas (NYSE: VTR) — also made splashy headlines, with its $2.3 billion acquisition of another REIT, New Senior.
Readers were also avid for information about Lifespark’s innovative move to acquire Tealwood Senior Living and the senior living implications of Cano Health’s SPAC deal.
Other stories reflected the ongoing toll and pressures of Covid; readers were interested in the fate of Eclipse Senior Living, and worried about the Delta variant and the pressing need to get staff vaccination rates up. But they were also looking toward the future, with innovations in memory care and intergenerational living garnering particular interest.
As always, we hope you find this list informative and helpful as you take stock of the past year and plan for what lies ahead. We wish all our readers happy holidays. Thanks for reading.
Publish date: June 21
“There’s a tremendous amount of strong alignment here between the operators and owners, and you will see how we take this timeless design and incredible physical plant to its next stage.” — Welltower CEO Shankh Mitra
Publish date: October 4
Key quote: “I want to express my deep thanks to all company associates who have worked tirelessly over the past four years to build a solid platform for growth and more importantly, provide excellent care and service to thousands of residents and each other – especially during this ongoing pandemic.” — Eclipse Senior Living CEO Kai Hsiao
Publish date: April 15, 2021
Key quote: “It’s about using [flexible spaces] creatively in the moment to respond to everybody’s needs, and not stigmatize or segregate somebody who’s exhibiting a particular behavior at a particular time.” — Perkins Eastman Senior Associate Max Winters
Publish date: July 26
Key quote: “The likelihood of being hospitalized and dying, even among the older adults in our senior living communities, will be markedly reduced if they’re fully vaccinated. But we need to not be complacent.” — ALG Senior Chief Medical Officer Dr. Kevin O’Neil
Key quote: “The paradigm shift is you can maintain health and improve health and longevity and quality of life — we’re doing that with all these wraparound services, without any incremental costs, that is the real difference.” — Cano Health Founder and CEO Dr. Marlow Hernandez
Publish date: February 16
Key quote: “We know there will be more variants coming, and we don’t know what those will look like. So, it is incumbent upon us as leaders in the company to make the hard decision that … you have to be vaccinated to work here.” — Silverado CEO Loren Shook
Key quote: “We have recently observed a meaningful uptick in potential investment opportunities as the level of motivation from various sellers has risen, coinciding with further industry disruption due to the Delta variant and challenging labor environment.” — Welltower CEO Shankh Mitra
8. Value-Based Care Innovator Lifesprk to Acquire Tealwood Senior Living; Bill Thomas to Lead Creation of Operational Model
Key quote: “As we’ve evolved and the world opened up in the last four or five years with where value-based payment was going … it made a lot of sense for us to think about, there’s a lot of aggregation in a senior campus, a lot of opportunity.” — Lifespark Founder and CEO Joel Theisen
Key quote: “The transaction provides Ventas shareholders with an attractive valuation and accretion, and further positions us to win the recovery.” — Ventas CEO and Chairman Debra Cafaro
Publish date: May 31
“If we thought about our communities in intergenerational ways, we would be developing schools, universities, parks, trails and [communities] in ways that attract and engage people across the age spectrum.” — Generations LLC Executive Chairman Chip Gabriel