Must-Read News: Top-Paid Execs, Occupancy Plunges

Happy Monday, Senior Housing News readers!

Jimmy Buffett played Wrigley Field in Chicago this weekend. Unfortunately, we didn’t get a chance to interview him about his planned 55-plus active adult mixed-use community in Florida, but hearing his tunes up-close certainly made us want to eat cheeseburgers and drink margaritas.

Meanwhile, to ensure you’re fully caught up on industry happenings, here’s all of the news you simply must read:

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Assisted living occupancy is continuing to fall nationwide, according to new data released by the National Investment Center for Seniors Housing & Care (NIC).

Leaders of the biggest publicly traded real estate investment trusts (REITs) in senior housing—and the country’s largest provider—topped Senior Housing News’ list of highest paid senior living executives in 2016.

Meridian Senior Living and Affinity Living Group have been targeted in a lawsuit claiming they defrauded the U.S. and the state of North Carolina out of over $60 million.

New alleged details have emerged regarding Scott Brinker’s contentious departure from Welltower Inc. (NYSE: HCN) and potential future employment with HCP Inc. (NYSE: HCP).

Brookdale Senior Living (NYSE: BKD) has entered into a new partnership in the hopes of remaining innovative and nimble, despite its gigantic size.

Also in the News

Fortis Management Group has filed for a receivership in an agreement with its landlords, the company revealed on July 12. The company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Click here to read the full story on Skilled Nursing News.

Written by Mary Kate Nelson

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