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Weekly Update: Largest Providers, Bad Employee Problem

                       
   
                       
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Argentum’s annual “largest providers” list is out, and our coverage generated a lot of reader interest. As usual, there were few surprises at the top of the rankings, but the list still told some interesting stories about the state of the industry.

 

For one thing, unit count is down almost across the board among the 10 largest providers. With plenty of investors interested in buying and a challenging operating environment in some markets, it appears the big players see this as a time to prune their portfolios.

 

Enlivant was one provider bucking the trend by adding units, cracking the top 10. Despite achieving this benchmark in scale, we reported on how Enlivant seeks to keep a startup vibe in its corporate HQ. (For one thing, they don’t use the term “corporate headquarters.”)

 

And this week in celebrity news: Ashton Kutcher, Bono and others are investing in a doctor’s office of the future, embodying the same consumer-first, tech-enabled trends sweeping senior living and care.

 

We’d like to wish our readers a happy Turkey Day. We’re thankful for all of you. Gobble gobble. 

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Tim Mullaney, Editor

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While Argentum’s 2017 list of the largest senior living providers closely resembles last year’s, there are some changes of note. 

 

Senior Housing News is shining a light on a few cutting-edge senior housing HQs in the coming weeks, starting with owner and operator Enlivant.

Quote of the Week
Paul gross
Founder and Owner, Blue Bird Retirement
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Senior housing providers on the whole may be far too reluctant to let bad employees go, and this could be just as detrimental as the plethora of other staffing challenges they’re facing.


 

Senior housing operators might have a humility problem. Namely, they pride themselves on managing nearly all aspects of a community in-house, when a partner might do a better job in certain areas.


By the Numbers
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