New Capital Senior Living COO Aims to Quickly Move the Needle

Capital Senior Living (NYSE:CSU) has hired Brandon Ribar as its new chief operating officer. Ribar is formerly the senior vice president of operations for major skilled nursing company Golden Living. He’s stepping into the COO role months after the departure of Capital Senior Living’s former COO, Brett Lee. Ribar’s appointment was announced Tuesday — and […]

Second Act Financial Aims to Reinvent Retirement Banking, Targets Senior Living

Older adults are not well-served by today’s retail banks, entrepreneur and former senior living executive Elias Papasavvas believes. He’s out to change that with his new venture, Second Act Financial Services — including by offering more attractive financing to help people move into senior living communities. Second Act had its soft launch on Tuesday. It […]

HCP Expects More Even Split Between Triple-Net, RIDEA in 2019

With its senior housing portfolio makeover largely in place, HCP (NYSE: HCP) is now turning its attention to triple-net leases that are coming up for renewal and adding to its RIDEA relationships. The Irvine, California-based health care real estate investment trust discussed its plans before an audience at the NAREIT 2019 Investor Conference in New […]

Capital Senior Living Reportedly Rejected Multiple Bids from TPG

Capital Senior Living (NYSE: CSU) rejected several acquisition overtures from private equity firm TPG during recent months, Bloomberg reported Friday. Bloomberg cited unnamed sources with knowledge of the matter. TPG and Capital Senior Living declined to comment for this article. Shares of Capital Senior Living were up 19.44% as of mid-day Friday, trading at $4.30 […]

Capital Senior Living Execs Tout Early Signs of Stabilization

Capital Senior Living’s turnaound plan is showing initial signs of success, rooted in a foundation of improved local operations and strategic dispositions, President and CEO Kim Lody said during the Dallas-based operator’s Q1 2019 earnings call Thursday morning. “We are now organized for success,” Lody said. Capital posted $114.2 million in total revenue in the […]

Capital Senior Living Shareholder Protests Lack of Board Changes

A vocal shareholder of Capital Senior Living (NYSE: CSU) is once again expressing dissatisfaction with the Dallas-based senior housing operator’s board of directors. The shareholder, Cove Street Capital, in January called for “commensurate change” within the company’s board of directors, after Capital Senior Living named a new CEO, Kimberly Lody. At that time, Cove Street […]

Senior Living Providers Target Better Blend of Hospitality, Health Care

In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]

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 […]