While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022.
Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on Senior Housing News in the last 12 months.
Readers were also avid to learn about the newly-instated US News senior living rankings, some notable transactions, and growth of companies serving the industry.. Other stories reflected new development trends, with The Walt Disney Company (NYSE: DIS) announcing plans to enter into the active adult space with a variety of neighborhoods.
And some of our most-read stories of the year appeared on the SHN+ platform, with our deep-dive into rate increases appearing on this top 10 list. A special thanks to all the members of the SHN+ community for your support in 2022, which enables us to deliver premium-quality news and analysis.
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: Oct. 14, 2022
Key quote: “Quiet quitting I’m not good with. If you don’t want to be here and you don’t really want to lean into your job and make a difference — at the end of the day, despite the labor challenges, it’s hard to retain people, I am not modifying our culture.” — Discovery Senior Living CEO Richard Hutchinson.
Publish date: Oct. 7, 2022
Key quote: “For some investors, this may feel like deja vu.” — Stifel Analyst Tao Qiu
Publish date: May 10, 2022
Key quote: “We don’t want to pit one community against another — we want to raise all boats.” — Activated Insights CEO Dr. Jacquelyn Kung
Publish date: Oct. 24, 2022
Key quote: “I hear [operators] were raising rates by 8%-10% — we went in at 6%. But, the pressures forced us to have to make the difficult decision to do another one partway through the year.” — Commonwealth Senior Living President and CEO Earl Parker
Publish date: Feb. 22, 2022
Key quote: “As we prepare to enter our second century, we are developing new and exciting ways to bring the magic of Disney to people wherever they are, expanding storytelling to storyliving.” — Disney Parks Experiences and Products Chairman Josh D’Amaro
Publish date: Jan. 26, 2022
Key quote: “As we’ve announced our strategy around building this platform and … maybe acquiring services, growing services or partnering with people to deliver other services, we needed an umbrella brand that brought it all together.” — Former AlerisLife CEO Katie Potter who exited in May
Publish date: Nov. 1, 2022
Key quote: “This is a merger where we can put two and two together and we believe we can get five out of it. Together we’re stronger than we were individually.” — Cogir CEO David Eskenazy
Publish date: April 11, 2022
Key quote: “I think we’ve made progress for them to understand who we are, what we’re about, and that we’re on the side of being their true partner to make revenue together and satisfy families together. Three years in, I think we’ve made progress, but we’re nowhere near the finish line.” — A Place for Mom CEO Larry Kutscher
Publish date: Oct. 6, 2022
Key quote: “It’s up to us to continue to push the envelope of how we create that product line that is really going to address the masses. It needs to be woven into everything that we’re creating for the boomer population, no matter if it’s affordable to luxury.” — Perkins Eastman Principal Joe Hassel
Publish date: Jan. 24, 2022
Key quote: “I think our job is to really build this and accept as many residents as possible and optimize to serve the senior living environment. And then on the back end, of course, my team has the job of setting up the value-based relationships with as many health plans as possible so that we can make the numbers work.” — Pine Park Chief Commercial Officer Dan O’Neill