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 […]
Category: Management
Priya Living Founder and CEO Arun Paul is aiming for what he calls the “holy grail” of senior living — a premium product at an attainable price point. But achieving that depends in large part on how Priya defines “luxury.” “If you think about it as we do, true luxury is experience,” Paul said during […]
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 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 […]
Welltower (NYSE: WELL) and Brookdale Senior Living (NYSE: BKD) continue to report solid gains in occupancy, despite a surge in Covid-19 delta variant cases. That is according to business updates released by the two companies on Thursday. Welltower, the Toledo, Ohio-based health care REIT, reported spot occupancy across its senior housing operating portfolio (SHO) of […]
Twin brothers Bill and Bob Thomas achieved success as multifamily housing entrepreneurs in the 1970s — but their situation changed in the next decade. “We thought we were the smartest guys on the block … and then the 80s hit,” Bill Thomas told Senior Housing News, during an interview at the American Seniors Housing Association […]
U.S. News & World Report — which issues influential rankings of hospitals, nursing homes, universities and other businesses — is turning to senior living. The publication plans to rate* U.S. senior living brands based on standardized consumer input gathered through surveys created by Activated Insights. Activated Insights is the organization that is also behind the […]
Covid-19 booster shots are on the horizon, and senior living providers are moving ahead with planning clinics for residents and staff while awaiting greater clarity from government regulatory agencies. Some industry providers have moved with urgency in recent weeks to schedule their first Covid-19 vaccine booster shot clinics, even as the U.S. Food and Drug […]
Within about the last two years, JEA Senior Living was acquired by investment firm Access Industries and named a new CEO. Now, the Tumwater, Washington-based provider has rebranded as Sinceri Senior Living. “Since the company was founded, there have been countless changes in our industry and around the world,” said CEO Chris Belford, in a […]
Integral Senior Living (ISL) has taken over operations of six senior living communities owned by Griffin American Healthcare REIT III amid an effort to scale up its operations across the U.S. The communities are located in Mishawaka, Hobart, La Porte and Elkhart, all in Indiana; and Niles, Michigan. They were formerly operated by Bethesda, Maryland-based […]
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