Veteran Senior Living Leader Handelson Named CEO of Greystone Health Network

Stephanie Handelson, whose resume includes leadership positions across several senior living providers, has been tapped as the new CEO of Greystone Healthcare Management. In taking this position, Handelson will now lead a company that has a focus on skilled nursing. Tampa, Florida-based Greystone manages a portfolio of 28 skilled nursing facilities (SNFs) across the Sunshine […]

LTC Focused on Troubled Tenants, Positioning for Acquisitions

After a year marked by troubled operators and a senior housing acquisition drought, LTC Properties (NYSE: LTC) enters 2019 not quite out of the woods. “It was one step forward, two steps back on the tenant front for LTC in 4Q18,” analysts with financial services company Mitsubishi UFG Financial Group (MUFG) wrote, commenting on the […]

Capital Senior Living Shakes Up C-Suite, Operations After Poor Q4 Earnings

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 […]

Regional Operator Blake Management to Expand Nationwide, Makes C-Suite Hires

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 […]

New Senior To Bring In More Operators in 2019

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 CEO Sloan Bentley Departs

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 […]

How Senior Living Providers Can Profit as Medicare Advantage Gains Momentum

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 Housing and Care Execs To Average 2.61% Salary Increases In 2019

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 […]

Ensign Group Names New CEO, Other Leadership Changes

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 […]

CVS Health Records $2.2B Impairment on Omnicare, Still Bullish on Senior Living

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 […]