Brookdale Senior Living (NYSE: BKD) has made its most pointed comments to date regarding ongoing tensions with activist shareholder Land & Buildings Investment Management, and urged shareholders not to elect former HCP CEO Jay Flaherty to the board. In a definitive proxy statement filed with the Securities & Exchange Commission (SEC) on Wednesday, the Brentwood, […]
Since Greg Puklicz joined 12 Oaks Senior Living in May 2018, he has helped lay the groundwork for a rapid expansion of scale. The family-owned company operates a portfolio of 16 private-pay senior housing communities in Texas and Oklahoma, and is looking to expand to 25 communities over the next two years, he said in […]
After posting its first quarterly profit in six years in the second quarter of 2019, Five Star Senior Living (Nasdaq: FVE) is taking steps to make itself a viable publicly traded company. The Newton, Massachusetts-based senior housing operator’s board of directors approved a reverse stock split intended to bring Five Star to the minimum $1 […]
High labor costs are among the top issues impacting the senior living industry. But raising wages also may help solve a host of other ills — not only improving recruitment and retention, but driving occupancy and higher rates. The subject of a living wage was one of several actionable strategies for workforce development and retention […]
Leaders with the National Investment for Seniors Housing & Care (NIC) put the spotlight on the middle market opportunity and the rise of active adult housing, as the organization’s fall conference got underway in Chicago on Wednesday. In addition, a new data sharing partnership with PointClickCare will bring added firepower to NIC’s actual rates initiative. […]
The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]
Traci Bild had an epiphany while recently booking a trip to Israel. The flight’s cost — at around $1,600 per person — did not include assigned seats. Those would have cost an extra $625 per person, for her husband and herself. The Bilds’ trip to Israel is an example of the unbundled pricing trend being […]
Eclipse Senior Living is making good on its multi-brand strategy with the launching of a high-end independent and assisted living offering dubbed Evoke. The Lake Oswego, Oregon-based company announced the news on Tuesday. The brand’s first development will break ground in Portland, Oregon, before the end of the year, with an expected early 2021 opening. […]
U.S. News & World Report and Caring.com on Tuesday launched a new directory that will provide seniors and their families information on assisted living communities and advice on how to make informed decisions. The new directory will include data on more than 8,700 assisted living facilities across the country, U.S. News Senior Health Data Analyst […]
As U.S.-style senior living gains traction overseas, international designs are reflecting some of the same trends that are hot in domestic markets. But like snowflakes, no two markets are alike, D2 Architecture President David Dillard told Senior Housing News. “‘International’ is too broad a term,” he said. Senior housing professionals expanding beyond the U.S. must […]
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