Five Star Senior Living (Nasdaq: FVE) is undertaking a new approach to dining across its recently restructured portfolio, in partnership with Compass Group. Newton, Massachusetts-based Five Star will begin transitioning from in-house management of its culinary program on Feb. 1, 2022, the company announced on December 3. The transition process is expected to be completed […]
Category: Management
CareTrust REIT (Nasdaq: CTRE) is reportedly examining a range of strategic options that might include a sale of the company. The San Clemente, California-based real estate investment trust (REIT) has engaged an advisor to explore interest in a potential sale, including from other senior housing companies or real estate investment firms, according to a report […]
Recent occupancy and absorption trends show that recovery is underway in the senior living industry. But not all operators and communities are seeing the same kind of gains. Some communities and property types have rebounded from pandemic lows faster than others, with variations in the same market or the same owner/operator portfolio. Given all of […]
Lifespace Communities is boosting pay rates across its portfolio of 14 continuing care retirement communities (CCRCs) over the next two months, with many of its 3,600 employees seeing double-digit percent increases. As a result, the nonprofit organization will pay out $17 million more in wages in 2022, compared to this year. The average increase will […]
Sunrise Senior Living has named Paula Adams to the role of chief clinical officer in the latest new addition to its executive team. As chief clinical officer, she is tasked with overseeing clinical operations at Sunrise’s 324 communities, with duties such as spearheading care and wellness programs, clinical information and clinical education. Adams, who officially […]
Fresh off completing its transition of 107 communities to other operators, Five Star Senior Living (Nasdaq: FVE) is undergoing a leadership change. Margaret Wigglesworth is retiring from her position as executive vice president and COO. She will continue to serve as an employee of Five Star through the end of 2021, according to a Nov. […]
Priority Life Care assumed management of 17 senior living communities earlier this month, and is rebranding them under the Celebration Villa banner. All 17 properties formerly were operated by Eclipse Senior Living and are owned by Chicago-based real estate investment trust Ventas (NYSE: VTR). Priority, based in Fort Wayne, Indiana, has largely focused on the […]
Patient growth has been a hallmark of Maplewood Senior Living, most recently on display in the six-year process of conceiving and launching the luxury Inspir brand with a Manhattan highrise project. But CEO Gregory Smith believes that now is the time to hit the accelerator, particularly on new development. “I’ve talked to our capital partner, […]
Pegasus Senior Living CEO Chris Hollister hopes the Dallas-based company will double its number of communities under management within five years — and he sees memory care as a particular opportunity for growth ahead. Assisted living services are the bulk of what the company offers at its nearly 40 communities throughout the U.S. Hollister sees […]
David Eskenazy, former president of Merrill Gardens, has been named CEO of Cogir USA, effective immediately. Eskenazy takes on this role as Cogir USA expands, having recently added five buildings formerly operated by Sunrise Senior Living, with further management agreements and development plans in the works. After departing Merrill Gardens in 2019, Eskenazy joined Cogir […]
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