After posting its first quarterly profit in six years in the second quarter of 2019, Five Star Senior Living (Nasdaq: FVE) is taking steps to make itself a viable publicly traded company. The Newton, Massachusetts-based senior housing operator’s board of directors approved a reverse stock split intended to bring Five Star to the minimum $1 […]
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Like some other senior living leaders, Asbury Communities CEO Doug Leidig believes that the industry is changing quickly and new ways of doing business are needed. Leidig is looking ahead to the baby boomer generation, and he sees a huge but fragmented consumer group that will not be satisfied with senior living as it exists […]
Senior living providers could have a golden chance to acquire home health agencies early next year. Although, the opportunity is not for the faint of heart. On January 1, 2020, a new home health Medicare payment framework will take effect. Dubbed the patient-driven groupings model (PDGM), the system could overwhelm smaller home health agencies and […]
Leaders with the National Investment for Seniors Housing & Care (NIC) put the spotlight on the middle market opportunity and the rise of active adult housing, as the organization’s fall conference got underway in Chicago on Wednesday. In addition, a new data sharing partnership with PointClickCare will bring added firepower to NIC’s actual rates initiative. […]
Now in the fourth decade of his senior living career, Mike Brown is still thinking big — literally. Brown is chairman of Sterling Estates, a privately held senior living provider that has achieved high occupancy in a crowded market by securing large plots of land and building expansive communities with a focus on wellness. This […]
Don’t miss this intimate networking opportunity to meet with industry leaders and other professionals from across the country at the Senior Housing News (SHN) Summit on October 3 in Washington, D.C. With over 100 people expected to attend, this event provides access to thoughtful discussion on industry trends and headlines. This half-day format features four […]
In July, an independent living facility in Chattanooga, Tennessee welcomed an unconventional new resident: an 18-year-old named John Payne. This experiment in multigenerational housing is being led by The Victory Lap, a nonprofit organization that matches youth who have aged out of the foster care system with vacant apartments in senior housing communities, Victory Lap […]
In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold. In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development. “Welltower is delighted to add […]
With 18 years at luxury CCRC developer, owner and operator Vi Living — the last two as COO — Bill Sciortino was in high demand with executive search firms across the country. But when recruiters called called him with job openings, Sciortino would pass, he told Senior Housing News. “I pretty much dismissed every [opportunity] […]
Shepherd Premier Senior Living has outlined a development pipeline that will put it at 30 small-home communities within the next three years. The McHenry, Illinois-based provider was founded in 2014, and has developed five small-home communities over the past five years. But its next project is its largest to date: a $21 million development consisting […]
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