Five Star Senior Living - McKnight's Senior Living

Five Star Senior Living

Jennifer Francis hedshot

Five Star agreement is ‘best possible solution’ to financial issues, SNH says

A new agreement between Five Star Senior Living and Senior Housing Properties Trust (SNH) that converts 261 communities from triple-net leases to a RIDEA structure and gives the real estate investment trust and its shareholders a greater ownership stake in the company improves Five Star’s financial position and is “the best possible solution” for the REIT and its shareholders, SNH President and COO Jennifer Francis said Tuesday.

Katie Potter hedshot

Five Star, Senior Housing Properties Trust announce restructuring deal

Five Star Senior Living and Senior Housing Properties Trust (SNH) will enter into new management agreements for 261 senior living communities that Five Star leases and operates as part of a restructuring deal to improve Five Star’s financial position, the organizations announced Tuesday morning. SNH and its shareholders also will take an increased ownership stake in the company.

Office phone, conference table

3 initiatives will help Five Star improve operations, CEO says

As Five Star Senior Living executives prioritize finding a long-term solution to the company’s current financial issues, the company also is focused on three initiatives to improve operations in 2019, President and CEO Katherine “Katie” Potter said Wednesday during the company’s fourth-quarter and full-year 2018 earnings call.

Five Star considers selling communities to address financial woes

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.

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