One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Chicago-based company currently is the seventh-largest senior living operator in […]
HCR ManorCare
HCR ManorCare Chairman, President and CEO Paul Ormond has stepped down, Quality Care Properties, Inc. (NYSE: QCP) announced on Monday. The news comes as HCR ManorCare remains in default under its master lease and securities agreement with QCP. To learn more, head to Skilled Nursing News. Written by Mary Kate Nelson
Happy Monday, Senior Housing News readers! Hopefully your weekend was a great one. The Thrive Innovation Center, a “thematic experience center” where consumers can try out innovative technology for aging seniors, is set to officially open in Louisville, Kentucky, on October 19. The Thrive Center was created through a public-private partnership between the Commonwealth of Kentucky […]
Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
After a busy week of headlines and speculation, Quality Care Properties, Inc. (NYSE: QCP) is reportedly inching closer to a complete equity takeover of HCR ManorCare, its troubled skilled nursing tenant, according to a Sunday report from the New York Post. Less than a year ago, QCP spun off from Irvine, California-based real estate investment […]
Happy Monday, Senior Housing News readers! Here are some must-read stories to start your week, with some feel-good ones thrown in for good measure: Brookdale Senior Living (NYSE: BKD) is progressing toward having a more market-specific pricing method for its communities. HCR ManorCare and Quality Care Properties (NYSE: QCP) faced a one-two punch of bad […]
Skilled nursing provider HCR ManorCare and its primary landlord, real estate investment trust Quality Care Properties (NYSE: QCP), faced a one-two punch of bad news Monday, with the provider failing to make rent and rumors swirling about its CEO’s demands for a generous compensation package. QCP announced in an 8-K filing that HCR ManorCare came […]
Happy Monday! Hopefully your weekend was as exciting or as relaxing as you’d intended. Before this week gets too busy, be sure to catch up on last week’s most-read stories on Senior Housing News: Gardant Management Solutions CEO Rod Burkett flies Southwest Airlines a lot—and he looks to the company for inspiration in running his […]
It has been far from smooth sailing for Quality Care Properties (NYSE: QCP) since its spin-off from HCP Inc. (NYSE: HCP) last year. It was no secret that QCP was formed to take a troubled tenant, skilled nursing provider HCR ManorCare, out of HCP’s portfolio. But on Friday, QCP released bleak new financial information about Toledo, […]