Capital credits increasing resident vaccination rates, less restrictive visitation for continued occupancy growth
Capital Senior Living on Thursday reported four consecutive months of growth, with occupancy at 79.1% at the end of June.
Capital Senior Living
Capital Senior Living reports 78.2 percent occupancy for May
Capital Senior Living reported May occupancy of 78.2%, an increase of 294 basis points (2.94%) from the pandemic low average monthly occupancy of 75.3% in February.
CCRC’s nearly $1 million settlement approved in biometric privacy lawsuit
A federal court judge has approved a nearly $1 million biometric privacy lawsuit settlement, ending a proposed class action lawsuit against Lifespace Communities over its fingerprint time clock system.
Capital Senior Living ‘at inflection point,’ CEO says
With the “grips of the pandemic” easing considerably over the past few months, and a 93% vaccination rate among its residents, Capital Senior Living President and CEO Kimberly Lody said signs of recovery are evident in the senior living business.
More news for Thursday, April 15
Capital Senior Living completes third COVD-19 vaccination clinic; 88% of residents fully vaccinated, 90% have at least one dose … Census Bureau unveils new tool to track COVID vaccination rates, hesitancy … Patient-Centered Outcomes Research Institute solicits research projects to increase long-term care staff COVID-19 confidence … Jeremie Santvil of Florida pleads not guilty to bank fraud, remains in custody for stealing identities of 8 senior living residents
Capital Senior Living move-ins at 2-year high, indicating rebound in demand, CEO says
March move-ins across the company’s 60 communities are on track to be at their highest monthly level in two years, while overall occupancy rates remain near 75%.
We’re ‘on road to recovery,’ say execs at Brookdale, Capital Senior Living
The leading indicators all are pointing toward recovery, according to executives at both Brookdale Senior Living and Capital Senior Living during presentations this week at the Barclays Global Healthcare Conference.
Discovery Senior Living launches new regional brand with 16-property, $230M acquisition from Healthpeak
Discovery Senior Living and White Oak Healthcare REIT have acquired 16 senior living communities across Texas, North Carolina and New Mexico, through a joint venture announced Friday. The move, which Bonita Springs, FL-based Discovery said was the single largest acquisition in its history, has resulted in the creation and launch of Morada Senior Living, the firm’s newest division and regional brand.
People in the news, Jan. 19
Appointments, promotions and news at the American Association of Service Coordinators, Amsterdam at Harborside, Capital Senior Living, Consolidated Contracting, Edgemere, Enquire, EPOCH Senior Living, G5, Integral Senior Living, Montereau, National Church Residences, OneDay, Sabra Health Care REIT, Sentrics and WesleyLife.
Former Capital Senior Living CEO launches Trustwell Living
Lawrence Cohen, a senior living industry veteran and former CEO of Capital Senior Living, has taken the helm of newly launched senior living operating firm Trustwell Living, joined by three additional long-time colleagues.
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