New Welltower CEO remains committed to ‘wellness infrastructure’
During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trust’s strategy will not change.
Capital Senior Living
New tablet computers will help ease communication during pandemic, Capital says
Dallas-based Capital Senior Living is expanding its Virtual Engagement Program by distributing tablet computers to all of its communities.
People in the news, Sept. 22
Appointments, promotions, departures and awards at Balfour Senior Living, Brookdale Senior Living, Capital Senior Living, Greystone Healthcare, JAMDA, Retirement Unlimited Inc., SageLife, Walker & Dunlop, Waltonwood Cary Parkway, Watercrest Senior Living Group and more.
ASHA 50: Brookdale remains largest senior living operator, but downsizing efforts apparent
Brookdale Senior Living remains the largest operator of senior living communities on an American Seniors Housing Association’s ASHA 50 list for 2020 compared with 2019, and Welltower remains the largest owner of senior living communities on a companion list. The annual rankings were released Wednesday.
Argentum list of largest senior living providers adds 10 for 2020
Argentum’s 2020 Largest Providers Report list increased by 10 this year to include data on 150 senior living providers.
Capital Senior Living reiterates uncertainty about future to SEC
Capital Senior Living reiterated its belief that conditions related to COVID-19 “raise substantial doubt about the company’s ability to continue as a going concern” in a document filed Monday with the Securities and Exchange Commission.
Capital Senior Living makes moves to improve financial position
Capital Senior Living plans to transfer operations and ownership of 18 senior living communities to Fannie Mae, the company announced Thursday. The move follows several steps Capital announced in May “to improve its liquidity position and address uncertainty about its ability to continue as a going concern.”
‘Misleading’ report tied to federal bill with COVID-19-related requirements for assisted living, industry group says
Assisted living communities would be required to report confirmed or suspected cases of COVID-19 to federal, state and local health officials, as well as to residents and their families — and would have one day to do it — under legislation announced by two U.S. senators and one congresswoman. The report on which the bill is based, however, “falls short” and is “misleading,” according to one association representing operators.
Capital Senior Living looks to turnaround strategy to survive ‘challenging’ environment
Although COVID-19’s negative effects present “substantial” concerns about the company’s future, Capital Senior Living executives said Thursday that the company’s turnaround strategy creates “a path to long-term value.”
Capital Senior Living: COVID-19 effects ‘raise substantial doubt’ about future
COVID-19’s negative effects on occupancy, revenues and expenses “raise substantial doubt about the company’s ability to continue as a going concern,” Capital Senior Living said Thursday in a press release issued before its first-quarter earnings call.
