Good morning!
We’re back from a three-day weekend relaxed, refreshed, and ready to see what this week has in store. Before this week gets too busy, here’s a recap of what happened last week:
On Wednesday, an analyst floated the idea of a potential merger between Brookdale Senior Living (NYSE: BKD) and Holiday Retirement—but then on Thursday it was revealed that Ventas, Inc. (NYSE: VTR) is supposedly in buyout talks with the Brentwood, Tennessee-based senior housing giant. Brookdale President and CEO Andy Smith detailed a challenging fourth-quarter 2016 during the company’s earnings call on Tuesday, and Ventas Chairman CEO Debra Cafaro talked senior living oversupply pressures during the REIT’s call on Feb. 10.
Also in the News
When Retirement Comes With a Daily Dose of Cannabis—Senior living communities and skilled nursing facilities across the country have started embracing medical marijuana to treat residents with severe muscle spasms, chemotherapy side effects, neuropathic pain and more, The New York Times reports.
Where Will All the Old Folks Live?—A lot is still up in the air when it comes to housing America’s seniors. “We need a better national conversation around housing policy and around health services,” Janet Viveiros, a researcher at the National Housing Conference think tank that works on housing policy, tells Time.
Written by Mary Kate Nelson
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