Five Star CEO Weighs Hard Choices to Define Company for the Future

Now that CEO Katie Potter has led Five Star Senior Living (Nasdaq: FVE) through a restructuring year, she is thinking bigger about the future of the industry and how the Newton, Massachusetts-based provider can succeed. “How do we change and evolve our assets? It comes with making decisions in terms who you’re going to be […]

Coronavirus Appears in Independent, Assisted Living Community in Seattle

After hitting a skilled nursing and rehabilitation facility hard, COVID-19 has continued to spread throughout the Seattle area, with a community that provides independent living and assisted living reporting that a resident has tested positive.  On March 6, Era Living learned that a resident of its Ida Culver House Ravenna community received a presumptive positive […]

Aegis President: Fast-Moving Coronavirus Situation Demands Extraordinary Precautions, Calm Mindset

Senior living providers across the country are taking steps to guard against COVID-19 and have protocols in place should the novel coronavirus infect residents or staff members. But the situation is most urgent for providers with a significant footprint in Washington state, where the first U.S. coronavirus deaths occurred and where the virus has already […]

Post-Ensign Spinoff, Pennant Faces Senior Housing Headwinds

In its first full quarter as a publicly traded entity, The Pennant Group (Nasdaq: PNTG) posted strong revenues in both of its service segments. But its senior housing portfolio lagged slightly due to transitional headwinds and the Eagle, Idaho-based company will spend 2020 on assisting its operating partners in unlocking the revenue potential of the […]

Lifespace Communities Appoints New President, CEO

Senior living nonprofit Lifespace Communities has named Jesse Jantzen as its new president and CEO, effective April 1. Jantzen is an industry veteran with more than three decades of experience under his belt. He’s previously worked in similar roles with St. Louis-based Ascension Living; Alameda, California-based Elder Care Alliance; and Des Moines, Iowa-based Life Care […]

Five Star Begins ‘New Era’ with Hiring Push, Focus on Operational Improvements

With 82 recently hired executive directors on board and an updated revenue management system in place, Five Star Senior Living (Nasdaq: FVE) is focused on driving operational improvements in the year ahead. The Newton, Massachusetts-based provider is coming off a major restructuring with Diversified Healthcare Trust (Nasdaq: DHC), a real estate investment trust also based […]

‘Could Be Devastating’: Senior Living Industry Braces for Coronavirus

COVID-19, the viral disease also known as the “novel coronavirus,” is spreading around the globe. Senior living providers, including Brookdale (NYSE: BKD) and Affinity Living Group (ALG), are preparing for a possible worst-case scenario. While both Brookdale and Affinity are large companies, small providers could face even more dire consequences if the virus infiltrates their […]