Benchmark Appoints COO, CFO; Milestone Retirement Names COO

Benchmark Senior Living and Milestone Retirement Communities announced a flurry of executive personnel changes Tuesday, resulting in C-suite changes for both companies. Waltham, Massachusetts-based Benchmark has named Jerry Liang to the role of executive vice president and CFO and John Hartmayer to the role of executive vice president and COO. Liang’s hiring is effective immediately, […]

Court Ruling Offers Hope, But Uncertainty Remains Over Senior Living Liability Protection

A federal court ruling last week that the Public Readiness and Emergency Preparedness (PREP) Act grants liability to senior living providers taking measures to protect residents from Covid-19 is seen by industry advocates as a positive sign. It came after months of lobbying Congress for liability immunity from pandemic-related lawsuits. “It is an overwhelmingly positive […]

Discovery Senior Living Launches New Multi-Brand Strategy with 16-Property Acquisition

The recent acquisition of 16 communities from Healthpeak (NYSE: PEAK) was the largest transaction in company history for Discovery Senior Living and marks the start of a strategic shift for the provider, to a structure of regional brands. The deal was publicly announced last week by Irvine, California-based Healthpeak, which is a real estate investment […]

Favorable Ruling for Sunrise, Welltower Rests on Complete PREP Act Immunity for Senior Living Providers

A California federal court ruled Wednesday that measures taken by senior living providers to protect residents from Covid-19 are eligible for complete liability immunity under the Public Readiness and Emergency Preparedness (PREP) Act. “The California federal court ruling is significant for the industry which has done everything in its power to protect staff and residents […]

Healthpeak Nears $4B in Senior Housing Dispositions, Will Focus on ‘Irreplaceable’ CCRCs

Healthpeak Properties (NYSE: PEAK) expects to complete its plan to exit rental senior housing as early as the second quarter of 2020, which will allow it to focus on unlocking the potential value of its continuing care retirement communities (CCRC), and grow its medical office and life sciences segments. Since the Denver-based health care real […]

Healthpeak Announces $2.5 Billion In Senior Housing Sales

Healthpeak Properties’ (NYSE: PEAK) plan to dispose of up to $4 billion worth of senior housing assets is more than halfway complete. The Denver-based health care real estate investment trust (REIT) sold over $2.5 billion in senior housing operating portfolio (SHOP) and triple-net senior housing assets according to its earnings Q4 2020 earnings release on […]

Senior Living Sales Inquiries Fell 17% in 2020; Combined Assisted Living/Memory Care Fared Better

New senior living inquiries slowed for most providers in 2020 — but the decrease was markedly smaller for communities that offer both assisted living and memory care services. That’s according to a new sales and marketing benchmark report compiled and analyzed by Enquire, a company that offers customer relationship management, marketing automation and contact center […]

Shut Out of Federal Covid-19 Vaccine Program, Holiday Retirement Builds Its Own Network

In late December, many senior living providers began holding or scheduling their first vaccine clinics. But for most of Holiday Retirement’s senior living communities, that wasn’t the case. With 252 independent living communities and seven assisted living communities across the U.S., the Winter Park, Florida-based operator is among the largest in the country, and No. […]