The Centers for Disease Control and Prevention (CDC) on Monday released new guidelines allowing Americans who have been fully vaccinated against Covid-19 the flexibility to socialize and engage in routine activities, even among people who have not yet been vaccinated — another important step toward what a post-pandemic landscape would look like. The announcement is […]
Discovery Senior Living on Thursday announced the launch of a centralized contact center at its home office in Bonita Springs, Florida, which will handle all future senior housing inquiries and better vet them for local sales teams. This is the latest move in what is shaping up to be a year of rapid growth for […]
After spending most of 2019 pruning its portfolio, CareTrust REIT (Nasdaq: CTRE) is adding senior housing to its asset mix. The San Clemente, California-based health care real estate investment trust on Tuesday announced the acquisition of four rental continuing care retirement communities (CCRC) in Southern California, as well as a new operator relationship. The campuses […]
The Alzheimer’s Association recently released a report that found patients with dementia were more likely to contract Covid-19 than their healthier counterparts. It’s a reality known all too well by memory care providers, which had endured several years of headwinds before the pandemic forced them to confront even more harrowing challenges. Now, they are trying […]
The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]
As senior living providers are hitting critical mass in their Covid-19 vaccination efforts, they are taking a big step toward normalcy by resuming more regular visitations. As Covid-19 swept across the United States last spring, senior living communities shut their doors to almost all visitors — including residents’ family members. In the ensuing months, isolation […]
Five Star Senior Living’s (Nasdaq: FVE) plans to expand its rehabilitation and wellness services portfolio in 2021, as the segment became an area of positive growth during 2020 and demand for rehab and wellness services increased throughout the coronavirus pandemic. The rehab and wellness arm helped to offset continued struggles with Five Star’s senior housing […]
Sabra Health Care REIT’s (Nasdaq: SBRA) partner in its Enlivant joint venture, private equity firm TPG, wants a resolution to the partnership before the end of the year. But the Irvine, California-based health care real estate investment trust (REIT) is not going to rush into an agreement, CEO Rick Matros said Tuesday during Sabra’s Q4 […]
Evans Senior Investments (ESI) and Carnegie Capital on Monday announced a joint venture aimed at expanding business solutions for clients in the senior housing capital markets and acquisitions landscape still disrupted by the coronavirus pandemic. The venture gives ESI, a sell-side brokerage with offices in Chicago and Denver, access to a wider range of lenders […]
The Bottom Line: United Church Homes Evolves Its Model with Diversified Services, Middle-Market Push
Like many nonprofit providers, United Church Homes offset operational and occupancy pressures stemming from Covid-19 by diversifying its service offerings. The Marion, Ohio-based provider is in the midst of a concerted effort to expand its independent living and assisted living offerings, including a sustained push into middle-market senior housing through acquisitions, Senior Vice President of […]
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