Five Star Senior Living
Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs "heavily influenced" a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT's president and CEO, David Hegarty. Five Star is addressing the challenges in two ways, he added.
Sunrise Senior Living, Holiday Retirement and Capital Senior Living had the highest scores in the inaugural study of senior living conducted by J.D. Power, the consumer research company announced Monday.
This year's list features 115 companies with a total of almost 550,000 independent living, assisted living and memory care units.
Five Star Senior Living will sell six senior living communities to Senior Housing Properties Trust for $104 million, Five Star President and CEO Bruce Mackey told those participating in a Thursday third-quarter earnings call. But the company will continue to manage them.
Caring.com is releasing its list of reviews-based honorees today, and 267 independent living communities, assisted living communities, memory care communities, care homes or skilled nursing facilities across 40 states made the cut.
Chicago-based Enlivant Senior Living for the first time is ranked among the top 10 largest senior housing owners in the United States on the 2017 ASHA 50 list.
Leaders of Capital Senior Living and Five Star Senior Living used their second-quarter earnings calls this week in part to discuss their companies' approaches to recruiting and retaining executive directors.
Seventy-six additional senior living professionals have earned the certified director of assisted living, or CDAL, credential, the Senior Living Certification Commission announced Monday.
Five Star Senior Living has announced plans to expand its rehabilitation and wellness services to communities that it does not operate. The division formerly known as Five Star Rehabilitation & Wellness has been renamed Ageility Physical Therapy Solutions.
For a variety of reasons, many senior living organizations are changing their names. A common idea underlies many of the moves, however.
Attorneys working in senior living discuss the benefits of pre-dispute arbitration agreements and share tips for operators creating or reworking theirs.
A new name and established programs will carry Five Star Senior Living through 2017, executives told shareholders, analysts and others participating in an earnings call on Friday.
Two Five Star Quality Care shareholders on Monday urged their fellow shareholders to reject a $3-per-share tender offer set to expire at midnight Friday, saying it is "grossly undervalued, fraught with deep conflicts of interest, and fails to provide full and fair value to Five Star shareholders."
Ancillary services and initiatives that generate income and resident satisfaction, as well as capital improvements and expansions at communities, are helping to offset decreases in occupancy and revenues at Five Star Senior Living in the face of senior living community oversupply, executives said Thursday in a third-quarter earnings call.
Two Five Star Quality Care shareholders will have to put on hold their plans to substantially increase their stake in the company until after March 31, the company said in a letter Thursday.
Senior Star Management Co. said Thursday that it plans to offer owners of Five Star Quality Care common stock $3.45 per share in an effort to purchase up to 10 million shares, which would represent approximately 20% of outstanding shares. The move comes a week after ABP Acquisition LLC made a $3-per-share offer to shareholders.
ABP Acquisition LLC announced Monday that it intends to make a cash tender offer for up to 10 million shares of common stock of Newton, MA-based Five Star Quality Care at a $3 per share, a 57% premium over Friday's closing price of $1.91 per share.
New lists by Argentum name the largest overall senior living providers as well as the largest independent living, assisted living and memory care providers and the top markets for senior living.
Brookdale once again tops this year's ASHA 50 lists of owners and operators of senior living communities in the United States, released Wednesday. The lists do contain some changes from last year, however.
Five Star Quality Care plans to delist its common shares from the New York Stock Exchange and move to the Nasdaq Stock Market, the company announced Monday in a filing with the Securities and Exchange Commission.
New approaches to food, activities and revenue management will be keys to success for Five Star communities in 2016 and beyond, company executives told those attending the Jefferies 2016 Healthcare Conference in New York.
Two senior living operators are taking different approaches to unit conversion in an effort to make their portfolios more profitable, according to comments made during first-quarter earnings calls this week.
The day after Five Star Quality Care received a critical letter from two investors, President and CEO Bruce Mackey told those listening to an earnings call that the interests of the company's board members align with those of shareholders.
Senior Star Management Co. leaders have issued a seven-page letter that once again outlines the "profound shift in strategy" they believe is necessary for the financial performance of Five Star to reflect its intrinsic value.
Five Star Quality Care Inc. has paid a $7.3 million settlement related to a lawsuit from the estate of a former resident of one of its communities, the company announced Feb. 24 in a filing with the U.S. Securities and Exchange Commission.
Five Star recently fully implemented an electronic health record system in an Arizona continuing care retirement / life plan community on the way to implementing the technology in all of its CCRCs, assisted living and memory care communities.
The Senior Housing Properties Trust Board of Trustees has elected Richard W. Siedel Jr. chief financial officer and treasurer for the trust, effective Jan. 1.
Five Star Quality Care remains uninterested in Senior Star's $325 million bid for 33 of its properties, the company said in a Dec. 21 letter.
Five Star Quality Care Inc. has rejected a $325 million bid for 33 senior living properties that it owns, according to documents filed with the U.S. Securities and Exchange Commission.
Richard A. Doyle Jr. has been elected chief financial officer and treasurer of Five Star Quality Care. He will begin in his new roles Jan. 1.