[Updated] Diversified Healthcare Trust to Merge with Office Properties Income Trust

Diversified Healthcare Trust (Nasdaq: DHC) is merging with Office Properties Income Trust (Nasdaq: OPI), the companies announced this morning. The deal will see OPI acquire all the outstanding common shares of DHC to create a combined entity to be called Diversified Properties Trust. Under the deal, Diversified shareholders will receive 0.147 shares of OPI for […]

What Best Buy, Inbound Health Moves in Hospital-at-Home Mean for Senior Living 

The rise of hospital-at-home and SNF-at-home models has been making headlines for the last month, with related opportunities and complications for senior living becoming clearer. Best Buy (NYSE: BBY) generated some of these headlines by announcing a partnership with Advocate Health. The partnership aims to expand Advocate’s hospital-at-home offering, which the Charlotte, North Carolina-based health […]

Welltower CEO: We’ll Raise Senior Living Operational Standards or ‘Die Trying’ — But Inaction Was No Longer an Option

When I recently asked Welltower (NYSE: WELL) CEO Shankh Mitra why the company pursued IRS approval to self-manage independent living assets, he replied with a question of his own. “Do you not know the state of our industry?” he asked. The sector continues to fall woefully short in attracting customers, has failed to create a […]

NIC CEO: With New Strategic Plan, We Aim to be ‘Catalyst for Evolution’ of Senior Housing

The National Investment Center for Seniors Housing & Care (NIC) is pursuing a new strategic plan, President and CEO Ray Braun announced Thursday at the organization’s spring conference in San Diego. “This is a time of change, challenge and opportunity for the senior housing and health care sectors,” Braun said. “The NIC strategic plan positions […]

Brookdale, Pennant Efforts to Evolve Executive Director Role Point to Industry Shortcomings

Brookdale Senior Living (NYSE: BKD) and Pennant Group (Nasdaq: PNTG) held their earnings calls in the last week, with one common theme being the future of the executive director role. “We are evolving the executive director role to emphasize a larger growth mindset, underscoring strong sales acumen for the incumbents and future community leaders,” Brookdale […]

Why CVS’ $10.6 Billion Oak Street Deal Creates Urgency for New Senior Living Models

The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]

Why Value-Based Care Has Reached a Tipping Point in Senior Living

Senior living providers are more focused than ever on providing high-quality health care — and finding ways to be compensated for doing so. This is driving investment in clinical capabilities and pushing the industry to a tipping point on value-based care. These are among my takeaways from the recent American Seniors Housing Association (ASHA) meeting […]

The Case for a Bolder Strategic Pivot for Brookdale Senior Living

So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]