Senior Housing Properties Trust - McKnight's Senior Living

Senior Housing Properties Trust

Five Star CEO Bruce Mackey

Ancillaries, initiatives help offset occupancy challenges at Five Star

Ancillary services and initiatives that generate income and resident satisfaction, as well as capital improvements and expansions at communities, are helping to offset decreases in occupancy and revenues at Five Star Senior Living in the face of senior living community oversupply, executives said Thursday in a third-quarter earnings call.

Senior Star counters ABP’s offer to Five Star shareholders

Senior Star Management Co. said Thursday that it plans to offer owners of Five Star Quality Care common stock $3.45 per share in an effort to purchase up to 10 million shares, which would represent approximately 20% of outstanding shares. The move comes a week after ABP Acquisition LLC made a $3-per-share offer to shareholders.

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