Senior Star is once again calling out the actions of Five Star Quality Care (Nasdaq: FVE), this time criticizing multiple elements of its close relationship with real estate investment trust (REIT) Senior Housing Properties Trust (Nasdaq: SNH). Five Star Quality Care was once a 100% owned subsidiary of Senior Housing Properties Trust, which remains the senior […]
Gemini Properties
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Senior Housing News will be out of the office this Thursday and Friday, but we’ll return to our regular posting schedule on Monday, Dec. 28. In the meantime, SHN would like to wish our readers a safe and enjoyable Christmas. For now, here are a few of the recent happenings in the senior housing sector. […]
The Five Star Quality Care (NYSE: FVE) Board of Directors has officially responded to a public call for the sale of Five Star’s owned assets to Gemini Properties, an affiliate of senior living owner and operator Senior Star. On Dec. 21, Five Star wrote to Senior Star and Gemini Principal William Thomas and reiterated that its owned […]
This week, our readers were inundated with news and were keen to know more about a proposed portfolio deal between an affiliate company of Senior Star and Five Star Quality Care. The Federal Reserve also finally announced it would aim to increase interest rates for the first time in nearly a decade. We kept readers […]
Five Star Quality Care’s (NYSE: FVE) senior housing assets are not for sale, the company said late last month in response to a push by the owners of Tulsa-based Senior Star to sell its portfolio of senior housing properties. But Senior Star’s executives says the proposed deal warrants more consideration. Five Star Quality Care is […]
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