In the wake of poor quarterly earnings, Capital Senior Living (NYSE: CSU) assumed full responsibility for its 2018 struggles, made some major changes to its executive team and has made improving its operations and balance sheet an immediate priority. The Dallas-based senior housing operator did not sugar coat its Q4 2018 earnings during a conference […]
Category: Management
A senior living management company with a regional footprint in the Southeast has set its sights on becoming a national presence centered on hospitality. Jackson, Mississippi-based Blake Management Group (BMG) has quickly grown in recent years by forging joint ventures with development partners, and has made several executive hires in recent months, including adding a […]
After a year of restructuring and bringing its management in-house, New Senior Investment Group (NYSE: SNR) is entering 2019 with a new focus and, for the first time, some investor guidance. The New York City-based health care real estate investment trust (REIT) reported an $86.6 million net loss in Q4 2018, or a $1.05 loss […]
Lifespace Communities has named an interim CEO following the departure of Sloan Bentley, who held that position until this month. Lifespace confirmed the news to Senior Housing News. The Des Moines, Iowa-based not-for-profit senior housing owner and operator named CFO Larry Smith as interim president and CEO. A senior living industry veteran with over 30 […]
There is likely significant financial upside for senior living providers who embrace care coordination and Medicare Advantage (MA) — and a potential big risk for those that don’t. That was the central argument posed in a panel discussion at the National Investment Center for Seniors Housing & Care (NIC) spring conference in San Diego. Under […]
Senior living corporate execs should expect slight increases in compensation in 2019. According to a new report on corporate compensation published by Hospital & Healthcare Compensation Service (HCS), long-term care facilities reported an average salary increase of 2.61% for corporate positions. The study also predicted an 2.72% average salary increase for hospital corporate executives, while […]
The Ensign Group (Nasdaq: ENSG) is shaking up its executive team — including naming a new CEO — two weeks after the Mission Viejo, California-based company reported record earnings. Ensign is making the following appointments, effective after the company’s annual shareholder meeting on May 30: Christopher Christensen will step down from his current position as […]
Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]
J.D. Power’s senior living certification program rollout now has its first successes. Three independent living and assisted living communities owned and operated by Newton, Massachusetts-based Five Star Senior Living (Nasdaq: FVE) became the first senior living communities in the U.S. to earn the coveted Power badge. The communities are Five Star Premier Residences of Hollywood, […]
Competition on a local level among senior housing operators was extremely heated in 2018. That is according to the 2019 Seniors Housing and Care Survey by Lancaster Pollard. The Columbus, Ohio-based health care financial services company sent an online survey to nearly 4,000 senior housing executives across the U.S. last December. Over the following month, […]
