Senior Living Providers Target Better Blend of Hospitality, Health Care

In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]

Capital Senior Living Shakes Up C-Suite, Operations After Poor Q4 Earnings

In the wake of poor quarterly earnings, Capital Senior Living (NYSE: CSU) assumed full responsibility for its 2018 struggles, made some major changes to its executive team and has made improving its operations and balance sheet an immediate priority. The Dallas-based senior housing operator did not sugar coat its Q4 2018 earnings during a conference […]

Transactions & Financings: MedCore Buys $98 Million Portfolio; Walker & Dunlop’s $43 Million Financing

MedCore Partners completes $98 million portfolio acquisition in Utah, Arizona MedCore Partners, along with SunTrust Bank and Trinity Private Equity Group, acquired a 409-unit assisted living and memory care portfolio in four markets across Arizona and Utah. The total acquisition cost was $98 million. The communities include assisted living and memory care assets: Caliche Senior […]

Capital Senior Living Shareholder Pushes for Board Changes

A change in top leadership at Capital Senior Living (NYSE: CSU) has not silenced one of the Dallas-based senior housing operator’s shareholders. Cove Street Capital is calling for “commensurate change” in the Dallas-based company’s board of directors. Capital Senior Living is one of the country’s 10 largest providers in the industry, and operates 129 communities […]

Capital Senior Living Names Kimberly Lody as New President, CEO

Capital Senior Living (NYSE: CSU) has appointed a successor to retired CEO Larry Cohen. Lody’s first priorities with the company will include improving its operating performance, growing occupancy, stabilizing rates and strengthening its financial position. The Dallas-based senior living operator’s board of directors named Kimberly S. Lody as president and CEO, effective immediately. Lody has […]

Top Senior Housing Trends for 2019

Senior housing providers and other industry stakeholders may be feeling a sense of dread going into 2019. Occupancy is at a low point, labor expenses are surging amid sharp workforce challenges, new competition continues to pressure certain markets, construction costs are up and aging baby boomers are not yet entering communities in huge numbers. While […]

Boomers Fret Over Cost, Proximity in Caring for Parents, Survey Finds

Some baby boomers are worrying about the financial costs of caring for their aging parents, and whether they’ll be able to live close to them as they age. That’s one of the insights contained within a new survey commissioned by Capital Senior Living (NYSE: CSU) about baby boomers’ attitudes as they juggle taking care of their parents […]

Brookdale Talks $100M Cash Flow Opportunity, Capital Senior Living Needs ‘Fortitude’

One day after their Q3 2018 earnings calls, leaders with Brookdale Senior Living (NYSE: BKD) and Capital Senior Living (NYSE: CSU) elaborated further on how the companies plan to weather current senior housing headwinds and execute on operational improvement strategies. From Brookdale’s opportunity to gain cash flow to Capital’s willingness to walk away from certain […]

Capital Senior Living Strives to Streamline Operations, Rein in Expenses

Industry headwinds caused some turbulence at Capital Senior Living (NYSE: CSU) this quarter, but the company has a plan to steer the ship into calmer waters, executives said during a third-quarter earnings call Tuesday. They are focused on strategic rate setting as discounting has dissipated in some markets, and more broadly on implementing a more efficient, centralized […]

Cohen to Retire as Capital Senior Living CEO, Stay On As Consultant

Capital Senior Living (NYSE: CSU) CEO Larry Cohen is retiring at the beginning of next year, the company announced Wednesday morning. Cohen first joined the Dallas-based senior living operator 21 years ago, and served as CEO for 19 of those years. His retirement takes effect Jan. 1, 2019. “Having done this for 19 years, I […]