CareTrust REIT ‘rinses out softness’ in portfolio as 2020 approaches

Changing operators on a portfolio of seven assisted living communities is one of the ways that San Clemente, CA-based CareTrust REIT is working to “rinse out any real softness in the portfolio and position CareTrust for solid operating performance going into 2020 and beyond,” President and CEO Greg Stapley said Friday.
Judge, gavel, courtroom

Judge blocks federal ‘conscience rule’ from going into effect

A judge on Wednesday blocked a federal rule that would have allowed healthcare workers and organizations to decline to provide care that conflicted with their religious and moral beliefs or mission. The rule could have affected assisted living communities that accept Medicaid payments, among other entities.

Five Star CEO: Restructuring on track to close Jan. 1

The transaction to restructure Five Star Senior Living’s business relationship with Senior Housing Properties Trust remains on track to close on Jan. 1, Five Star CEO Katie Potter said Wednesday. In the meantime, the company is investing in workers and looking to rehab as a source of revenue and residents.

‘Transformation is working,’ Brookdale CEO says

Positive occupancy and revenue trends and the $1 billion in “mutually beneficial” transactions recently announced with the real estate investment trust known until last week as HCP (now known as Healthpeak) “provide further evidence of the progress we are making with our strategic plan,” Brookdale Senior Living President and CEO Cindy Baier said Tuesday.

More news for Wednesday, Nov. 6

ReNew REIT is buyer of New Senior Investment Group’s assisted living / memory care portfolio, SEC filing shows … NLRB extends deadline to Nov. 12 for comments on whether federal law protects workers who use language deemed profane or offensive … SEC moves forward with tougher proxy rule proposals
Office phone, conference table

Earnings calls detail big plans for senior living

HCP — which announced a new name, a new ticker symbol, the promotions of several individuals and multimillion dollar deals involving Brookdale Senior Living and Capital Senior Living — wasn’t the only company operating in senior living that shared big plans last week.
Nancy Pelosi speaking

Did Nancy Pelosi just kill Medicare For All?

House Speaker Nancy Pelosi on Friday panned a Medicare for All proposal being forwarded by a number of Democrats currently running for president. Her implicit suggestion to fellow Democrats: Stick with less controversial topics and focus on winning elections next year instead.
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