We’ve sprung ahead! Hopefully you aren’t dragging too much after turning the clocks forward this weekend, but if you need to have an extra cup of coffee, we understand—and are happy to provide you with some reading while you caffeinate. The rumors around a potential buyout of Brookdale Senior Living (NYSE: BKD) have been swirling […]
SHN March Madness Bracket — Let’s See What You’ve Got It’s basketball time! We’re trying something new here at Senior Housing News and introducing our first-ever March Madness Bracket Challenge. In a nutshell, we’re inviting all of our beloved daily email subscribers to create their own March Madness brackets and to submit them, bravely, in […]
It’s no secret that senior living providers sometimes give new residents a break on the rent for some period of time. As 2016 came to a close, new assisted living residents were paying a rate that was 10.7% lower than what communities initially were asking, on average, according to recently released data from the National […]
Five Star Senior Living (Nasdaq: FVE) is continuing to execute on a six-point plan for improving occupancy and cash flow, as it confronts oversupply headwinds, rising labor costs, and other pressures. As part of its efforts, the Newton, Massachusetts-based company is exploring providing outpatient rehabilitation at senior living communities operated by providers unaffiliated with Five […]
Changes are afoot at Mainstreet. Mainstreet Property Group, the nation’s largest developer of skilled nursing/transitional care properties, has seen significant churn in its top leadership over the past several months. At the same time, the skilled nursing sector as a whole has been struggling through stiff industry headwinds. However, these issues are not holding back Mainstreet […]
Senior living providers have been slow to partner with health systems and payers, but Capital Senior Living (NYSE: CSU) hopes to play a “leading role” in this going forward, according to CEO Larry Cohen. “It’s the Holy Grail,” Cohen said these types of partnerships. His comments came Tuesday on a fourth-quarter 2016 earnings call. The […]
Everything is bigger in Texas, the saying goes. However, that cannot be said for continuing care retirement community (CCRC) entry fees or total margins, according to a newly released report. In the Lone Star State, the average entry fee for all contract types is $528,194 on the high end and $130,579 on the low end. […]
Census and labor pressures continued to hit the skilled nursing and post-acute sector hard at the end of 2016, prompting industry giant Genesis HealthCare (NYSE: GEN) to take major cost reduction initiatives, including laying off corporate and regional staff. The cost-cutting measures largely have been completed at this point and are expected to reduce the Kennett […]
When Rosemark at Mayfair Park opened in May 2016, Denver not only got a new design-forward assisted living and memory care option, but the senior living industry got a new operator. “We’re kind of control freaks,” jokes Anne Rosen, principal at Rosemark Development Group, the firm behind the project. “We started out with a third-party […]
Ladies and gentlemen, Feb. 22 marks National Margarita Day. What better way to celebrate than by reading about how “Margaritaville” musician Jimmy Buffett is bringing his unique vibe—and brand power—to the senior housing space? The story begins in the fall of 2016. That’s when Minto Group, a real estate development and property management company based […]
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