Five Star Senior Living

Five Star earnings fail to meet expectations, Diversified succeeds

By

Amy Novotney

March 3, 2020

As a result of the sale of 18 skilled nursing facilities during the second and third quarters of 2019, Five Star Senior Living announced that its senior living revenue for the fourth quarter of 2019 decreased 4.6% to $263.7 million from $276.3 million for the same period in 2018. Conversely, senior living revenue at communities the company operated continuously since Oct. 1, 2018 for the fourth quarter of 2019 in 2019 increased 1.4% to $260.4 million for the fourth quarter of 2019 from $257.0 million for the same period in 2019.

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People in the news, March 3

March 3, 2020

Appointments and promotions at Brookdale Senior Living, Christian Living Communities-Cappella Living Solutions, Five Star Senior Living, Pegasus Senior Living, Virginia Lutheran Homes, Waltonwood and Westminster Communities of Florida.

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McKnight’s announces second annual class of Hall of Honor inductees in Women of Distinction awards

By

Lois A. Bowers

February 20, 2020

Twenty-two women will be inducted into the McKnight’s Women of Distinction Hall of Honor as part of the second annual class.

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Restructuring affects 243 communities operated by Five Star Senior Living

By

Lois A. Bowers

January 3, 2020

A total of 243 senior living communities operated by Five Star Senior Living are affected by the restructuring of business arrangements between the company and real estate investment trust Diversified Healthcare Trust (formerly Senior Housing Properties Trust) completed effective Jan. 1, the entities announced Thursday.

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Senior Housing Properties Trust on track to sell $900 million in assets by end of year, president says

By

Lois A. Bowers

November 8, 2019

Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer Jennifer Francis said Thursday. The moves are designed to reduce leverage and position the REIT for the future.

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

By

Lois A. Bowers

November 7, 2019

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.

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J.D. Power releases new senior living rankings; Life Care Services is No. 1

By

Lois A. Bowers

October 25, 2019

J.D. Power released the rankings of eight senior living providers as well as insights gleaned from a survey of residents, family members and friends.

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Senior Housing Properties Trust sells 15 SNFs for $8 million as restructuring continues

By

Lois A. Bowers

September 24, 2019

Senior Housing Properties Trust has completed the sale of 15 skilled nursing facilities for $8 million as part of its plan to sell up to $900 million in assets by the end of this year in connection with the restructuring of its business arrangements with Five Star Senior Living.

Companies

Navion more than triples portfolio size via partnership with Longview

By

Lois A. Bowers

September 24, 2019

Navion Senior Solutions is more than tripling the number of senior living communities it develops, constructs, manages or advises through a partnership with Longview Senior Housing Advisors, the company announced Monday.

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