Ventas Identifies Operators Taking On Eclipse Assets, Cafaro Sees Robust Recovery Underway

Ventas (NYSE:VTR) is making good headway on its plan to transition 90 communities formerly operated by Eclipse Senior Living to eight other operators, with 65 already having changed hands. Among the operators so far revealed to be taking on some former Eclipse properties is Discovery Senior Living, which is taking on 19 former Elmcroft communities. […]

In the Pipeline: 3 Upcoming Civitas Openings in Florida; National Church Residences Renovates Texas Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In progress Civitas Projects in Florida Move Closer to Opening Dates Civitas Senior Living has revealed tentative opening dates for three senior living communities in […]

Five Star Targets Concierge Offerings, Younger Residents in Ongoing Business Transformation

Leaders with Five Star Senior Living (NYSE: FVE) are seeking to grow ancillary revenues as part of the company’s three-pronged strategy to “reposition, evolve and diversify” its operations. The Newton, Massachusetts-based company is about eight months into its strategic repositioning plan that was announced following the news that Diversified Healthcare Trust (Nasdaq: DHC) was transitioning […]

Discovery Forms New Management Company, 2 Brands to Operate 19 Former Eclipse Properties

Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]

Atria-Holiday Proceeds With Integration, Right-Sizing of Corporate Office

Atria Senior Living is making progress on its plan to fully integrate with Holiday Retirement and combine the company’s operations — including through right-sizing the corporate team. Leaders with Louisville, Kentucky-based Atria announced the progress on Wednesday. Atria acquired the management business of Winter Park, Florida-based Holiday earlier this year. The two companies are currently […]

Pennant Says Efforts ‘Fell Short’ in Q3 to Confront Labor Challenges, Covid Outbreaks

A rise in Covid-19 cases and the ongoing labor crunch derailed The Pennant Group’s (Nasdaq: PNTG) momentum in the third quarter of 2021. In a press release distributed ahead of the company’s Nov. 9 earnings call, Pennant leadership warned that the Eagle, Idaho-based company’s third-quarter earnings were negatively affected by its ongoing challenges. “Our efforts […]

Movers & Shakers: Morning Pointe Names COO; Benchmark Adds Two VPs to Executive Team

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Charter Senior Living CEO: 2022 Will Bring Attractive Acquisition Opportunities, More Staffing Headwinds

Charter Senior Living went on the offense last year — and that momentum is still propelling the company forward into 2022. The Naperville, Illinois-based company has added about 10% in average same-store occupancy between March and September as it gets a handle on issues including staffing and wages, fraying supply lines and the rising cost […]