Five Star Senior Living - McKnight's Senior Living

Five Star Senior Living

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Diversified, Five Star: COVID-19 creating ‘extremely challenging operating environment’ for senior living

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.

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‘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.

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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.

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