Capital Senior Living (NYSE: CSU) is taking action to boost its stock price months after disclosing it was in danger of being delisted on the New York Stock Exchange. The move is the latest for the company, which has been in the midst of an ongoing turnaround effort that involves operational changes and a restructuring […]
Capital Senior Living
Sales and operator transitions Capital Senior Living completes $18M sale of Ohio community Capital Senior Living (NYSE: CSU) completed the sale of a senior living community in Canton, Ohio. The sale price was $18 million, and provided $6.4 million in net cash proceeds to the operator. Additionally, Capital Senior Living was retained by the new […]
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Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]
Capital Senior Living (NYSE: CSU) Executive Vice President and CFO Carey Hendrickson is making his exit. Hendrickson is leaving the Dallas-based senior living operator to work as CFO of U.S. Physical Therapy (NYSE: USPH), a Houston-based operator of outpatient physical therapy clinics, according to a press release. He is set to remain CFO of Capital […]
The Covid-19 pandemic has renewed a longstanding debate about whether lifestyle-driven hospitality services or health care should be prioritized in future senior living operational models. Kim Lody, CEO of Capital Senior Living (NYSE: CSU), believes that the debate may not have a cut-and-dried answer, but the pandemic shows that providers must clear up confusion on […]
Colony Capital (NYSE: CLNY) has transferred ownership of 36 senior housing properties to a lender, as a step toward resolving a default. Los Angeles-based Colony is a global digital infrastructure, real estate and investment management firm with $46 billion in assets under management. Its health care portfolio includes senior housing, skilled nursing facilities, medical office […]
Capital Senior Living (NYSE: CSU) took further actions to improve its financial position during the coronavirus pandemic in the second quarter of 2020. But the moves raise deeper questions about its status as an ongoing concern. Notably, Capital announced in an SEC Form 8-K filing on Thursday that it is in negotiations with Fannie Mae […]
More than 7,000 assisted living residents may have died from Covid-19 in the United States, according to a new report based on information that federal lawmakers gleaned from providers. The report suggests that the numbers may actually be higher, since deaths in assisted living facilities are not reported to the federal government, an issue that […]
The coronavirus pandemic continues to pressure operations across the senior living industry. For Capital Senior Living (NYSE: CSU), the crisis could threaten its ability to remain a going concern. The Dallas-based operator’s Q1 2020 earnings raised questions about its financial position if its communities remain secured to non-essential personnel for an extended period of time. […]