Five Star Senior Living - McKnight's Senior Living

Five Star Senior Living

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Five Star earnings fail to meet expectations, Diversified succeeds

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

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.

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.

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