Discussions between Senior Housing Properties Trust and Five Star Senior Living are “actively happening,” and the organizations expect to have an announcement within 60 days about operating and liquidity issues at Five Star, Senior Housing Properties Trust President and Chief Operating Officer Jennifer Francis said Friday.
The first three senior living communities to earn J.D. Power’s Senior Living Community Certification have been announced.
R. Scott Herzig’s employment as senior vice president of senior living operations of Five Star Senior Living was terminated Dec. 12, the Newton, MA-based company announced after business hours on Monday in a filing with the Securities and Exchange Commission.
Katie Potter will take over as the new president and CEO at Five Star Senior Living in January, the company announced.
Five Star Senior Living may sell some of its senior living communities or repurpose units within communities to help solve financial issues that cast “substantial doubt on our ability to continue as a going concern,” President and CEO Bruce Mackey said Wednesday morning during the company’s third-quarter earnings call.
BREAKING NEWS — Five Star Senior Living’s financial situation raises “substantial doubt on our ability to continue as a going concern,” CEO Bruce Mackey said Wednesday morning during the company’s third-quarter earnings call.
Five Star Senior Living executives are monitoring the bid price of common shares of the company’s stock after being threatened with delisting by Nasdaq, the company said in a late Tuesday filing with the Securities and Exchange Commission.
The top five spots on Argentum’s list of largest senior living operators in 2018 remain unchanged from 2017, but the list contains some additions from last year.
Five Star Senior Living is evaluating all of the skilled nursing units within its continuing care retirement communities to determine whether the space might be more profitable if used differently, President and CEO Bruce Mackey said Thursday.
Five Star Senior Living has become the first organization to commit to a new community certification program that one industry expert says could “take the industry to its next level.”
