Senior Housing News April 16, 2024
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Northbridge Companies is continuing to build upon and tweak the company’s affordable senior living model, with an eye toward taking it farther north, according to CEO Jim Coughlin.
So far this year for Burlington, Mass.-based provider has seen improvements in margin growth and continues to grow top-line revenue, Coughlin said, driven by an approximate 6% to 8% rental rate increase to rebuild margins.
But Coughlin and Northbridge leaders know that perpetually pushing forward rate increases is “not a sustainable model,” with the organization spending time looking at margin expansion through expense management, new third-party partnerships for services and procurement.
“That’s really born great results and that’s a positive,” Coughlin said. “As...
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