After two decades of leading Capital Senior Living (NYSE: CSU), Larry Cohen left the company in 2018 — and spent the next two years preparing for his next venture in the industry. “I left Capital always intending to come back,” Cohen told Senior Housing News. But first, he took the opportunity to again become a […]
A team of senior living veterans including former Capital Senior Living (NYSE: CSU) CEO Larry Cohen is launching a new operating company, Trustwell Living. Cohen is starting Trustwell Living with three of his colleagues from Capital Senior Living, according to a press release issued this morning. Cohen led Dallas-based Capital as CEO and vice chairman […]
Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]
Capital Senior Living (NYSE: CSU) is taking action to boost its stock price months after disclosing it was in danger of being delisted on the New York Stock Exchange. The move is the latest for the company, which has been in the midst of an ongoing turnaround effort that involves operational changes and a restructuring […]
Sales and operator transitions Capital Senior Living completes $18M sale of Ohio community Capital Senior Living (NYSE: CSU) completed the sale of a senior living community in Canton, Ohio. The sale price was $18 million, and provided $6.4 million in net cash proceeds to the operator. Additionally, Capital Senior Living was retained by the new […]
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Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]
Capital Senior Living (NYSE: CSU) Executive Vice President and CFO Carey Hendrickson is making his exit. Hendrickson is leaving the Dallas-based senior living operator to work as CFO of U.S. Physical Therapy (NYSE: USPH), a Houston-based operator of outpatient physical therapy clinics, according to a press release. He is set to remain CFO of Capital […]
The Covid-19 pandemic has renewed a longstanding debate about whether lifestyle-driven hospitality services or health care should be prioritized in future senior living operational models. Kim Lody, CEO of Capital Senior Living (NYSE: CSU), believes that the debate may not have a cut-and-dried answer, but the pandemic shows that providers must clear up confusion on […]
Colony Capital (NYSE: CLNY) has transferred ownership of 36 senior housing properties to a lender, as a step toward resolving a default. Los Angeles-based Colony is a global digital infrastructure, real estate and investment management firm with $46 billion in assets under management. Its health care portfolio includes senior housing, skilled nursing facilities, medical office […]
