The state of California has sued Brookdale Senior Living (NYSE: BDK), alleging the company submitted false nursing home staffing data to the federal government and improperly handled resident discharges. California Attorney General Xavier Becerra — President Joe Biden’s nominee to lead the Dept. of Health and Human Services (HHS) — brought the suit as part […]
As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond. While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In […]
Capital Senior Living (NYSE: CSU) President and CEO Kim Lody is optimistic that a recovery from the pandemic is soon at hand, as the operator’s leads, tours and move-ins are moving closer to pre-pandemic levels. The company has pared down its senior housing portfolio from 129 communities to 68 communities that, historically, have been the […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier is feeling optimistic about the company’s pandemic recovery in 2021 as move-ins and leads continue to increase and Covid-19 case counts plummet. The Brentwood, Tennessee-based operator has seen a 95% reduction in the number of Covid-19 cases within its portfolio since December, when national cases were near […]
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Colony Capital (NYSE: CLNY) is reportedly in talks with Fortress Investment Group on a portfolio of assets that includes senior housing and is valued at more than $3 billion. The two companies are reportedly discussing a sale that includes Colony’s “wellness infrastructure” portfolio, according to a new Bloomberg report. Colony’s potential deal with Fortress is […]
Omega Healthcare Investors (NYSE: OHI) has acquired senior living technology company Connected Living with an eye toward bringing technology into its senior housing and care properties. Connected Living — now a standalone subsidiary of the Hunt Valley, Maryland-based health care real estate investment trust (REIT) — works with senior housing and care companies to provide […]
As the senior living industry shifts its focus from damage control to recovering from the Covid-19 pandemic, recruitment and retention remain a leading industry challenge. Unlike national senior living providers that can devote large amounts of time and money to filling positions, smaller or mid-sized companies often must find more creative ways to recruit and […]
Pacific Retirement Services (PRS) was in talks for new senior housing projects with eight different universities last year when the pandemic hit and demand for those projects dried up. But that doesn’t worry Eric Sholty, who took the reins as the Medford, Oregon-based organization’s new president and CEO on Jan. 1. Sholty believes it’s only […]
Amazon Care and St. Louis-based health system Ascension are helping to launch a new home-based care policy alliance with at least five other health care and home-based care companies. The alliance, called Moving Health Home, has a stated goal of “working to change federal and state policy to enable the home to be a clinical […]
