Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]
Brookdale Senior Living (NYSE: BKD) President of Senior Living Operations Cindy Kent is resigning from the company. Her departure, effective Oct. 1, 2021, was announced in an 8-K filing with the Securities and Exchange Commission late Monday. She is leaving to pursue another opportunity outside the senior living industry. Kent, a former executive at 3M […]
This article is an exclusive feature available as a part of your subscription to SHN + Prior to the Covid-19 pandemic, mobile home parks were on the rise as a senior living option. Offering similar amenities as active adult communities, manufactured housing was an increasingly popular choice for consumers and a red-hot target for real […]
Ortelius Investors on Monday announced a counteroffer to Capital Senior Living’s (NYSE: CSU) plan to raise up to $153 million through a private placement of convertible stock to affiliates of Conversant Capital. Ortelius, which has threatened to block the recapitalization since it was first announced in late July, also lined up a bridge loan for […]
Another round of Covid-19 relief is being made available to health care groups, including assisted living providers. The Department of Health and Human Services (HHS) on Friday announced that it is releasing $25.5 billion in new funding for health care providers affected by the Covid-19 pandemic. The portal to apply for funds will open on […]
Welltower (NYSE: WELL) and Brookdale Senior Living (NYSE: BKD) continue to report solid gains in occupancy, despite a surge in Covid-19 delta variant cases. That is according to business updates released by the two companies on Thursday. Welltower, the Toledo, Ohio-based health care REIT, reported spot occupancy across its senior housing operating portfolio (SHO) of […]
Joint venture partners Brookdale Senior Living (NYSE: BKD) and HCA Healthcare (NYSE: HCA) are selling home health, hospice and therapy agencies across 22 states to LHC Group (Nasdaq: LHCG). Financial terms of the deal were not disclosed, but Lafayette, Louisiana-based LHC expects $146 million in annualized revenue from the acquisition, according to a press release […]
DigitalBridge (NYSE: DBRG) is selling its wellness infrastructure business, consisting of more than 300 senior housing, skilled nursing and other health care assets, in a deal valued at $3.2 billion. The buyers are a joint venture between two real estate investment firms: Highgate Capital Investments and Aurora Health Network. The transaction is expected to close […]
A New Jersey-based full-service healthcare and commercial real estate development firm, CHA Partners, is launching a new assisted living and skilled nursing brand, LIVIA. CHA hopes to strike a necessary balance between hospitality and health care, as well as de-stigmatize the care types for a post-Covid consumer. Bloomfield-based CHA Partners announced the launch of LIVIA […]
The relationship between LTC Properties (NYSE: LTC) and two of its bankrupt tenants has come to an end. The Westlake Village, California-based real estate investment trust (REIT) announced it reached settlement agreements with Senior Care Centers and Abri Health Services. LTC agreed to pay the skilled nursing providers $3.25 million in exchange for their assistance […]
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