‘Built to Be Scaled’: Phoenix Senior Living Adds 23 Communities, Launches New Brand

Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]

Brookdale, Merrill Gardens, Five Star, ISL Execs on How Covid-19 Changed Senior Living

The Covid-19 pandemic has pressured just about every facet of senior living operations — but for some senior living providers, it has been an opportunity to learn, grow and evolve. From creating new worker positions that have helped prevent move-outs during the pandemic to re-engaging residents after a long period of isolation, leaders with Integral […]

Brookdale Senior Living President Cindy Kent Leaving Company

Brookdale Senior Living (NYSE: BKD) President of Senior Living Operations Cindy Kent is resigning from the company. Her departure, effective Oct. 1, 2021, was announced in an 8-K filing with the Securities and Exchange Commission late Monday. She is leaving to pursue another opportunity outside the senior living industry. Kent, a former executive at 3M […]

Capital Senior Living Shareholder Battle Continues with $70M Counteroffer from Ortelius

Ortelius Investors on Monday announced a counteroffer to Capital Senior Living’s (NYSE: CSU) plan to raise up to $153 million through a private placement of convertible stock to affiliates of Conversant Capital. Ortelius, which has threatened to block the recapitalization since it was first announced in late July, also lined up a bridge loan for […]

$25.5 Billion Relief Fund Being Released to Assisted Living, Other Health Care Providers After Delay

Another round of Covid-19 relief is being made available to health care groups, including assisted living providers. The Department of Health and Human Services (HHS) on Friday announced that it is releasing $25.5 billion in new funding for health care providers affected by the Covid-19 pandemic. The portal to apply for funds will open on […]

Senior Living Groups Praise Sweeping New Vaccine Mandates, Blast Lack of Financial Relief

Senior living providers have been on the leading edge of implementing Covid-19 vaccine mandates for employees — and soon, they must be joined by every large company in the United States. President Biden on Thursday announced plans to order companies with 100 or more employees to mandate coronavirus vaccinations for workers or test them for […]