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.
Five Star Senior Living President and CEO Katherine “Katie” Potter shares when she knew eldercare was right for her, the best part of her day, the biggest surprise of her career and her advice to people entering the field.
The demands of the senior living customer base are changing, and providers need to support a holistic approach to services — including emotional, social and experiential life services — to help future older adult demographics to “live their best life,” two speakers said Wednesday.
Argentum’s 2020 Largest Providers Report list increased by 10 this year to include data on 150 senior living providers.
The COVID-19 pandemic has increased uncertainty and disruption in both the overall economy and the commercial real estate industry and has had a “profound” effect on business, resulting in an “extremely challenging operating environment,” Diversified Healthcare Trust and Five Star Senior Living executives said Thursday on second-quarter earnings calls.
Katherine “Katie” Potter, president and CEO of Five Star Senior Living, is a member of the 2020 McKnight’s Women of Distinction Hall of Honor.
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.
Average sales leads per week seen by Five Star Senior Living in April were approximately half of what they typically are, and the company expects “continued deterioration” as the effects of COVID-19 continue.
Irvine, CA-based Sabra Health Care REIT declared a quarterly cash dividend of 30 cents per share of common stock Wednesday, to be paid on May 29 to common stockholders of record as of the close of business on May 18. The announcement came as the firm released its 2020 first quarter earnings results.
Senior living companies across the country have begun using the COVID-19 pandemic as an opportunity to fill workforce vacancies with employees who have been laid off from other sectors. Top candidates include displaced hotel, restaurant and retail workers.
