In September 2020, Five Star Senior Living CEO Katie Potter spoke at a virtual conference hosted by home care company Honor. At the time, Potter spoke of how the lines between senior living and home care are blurring, and of ambitions to transform Five Star from a senior living and rehab company into a diversified […]
Diversified Healthcare Trust
With a new interim CEO leading the company, senior living operator AlerisLife (Nasdaq: ALR) is taking a narrower focus on driving occupancy growth and cutting costs for the year ahead. Current interim president and CEO Jeff Leer took the reins following the recent resignation of former President and CEO Katie Potter. He laid out his […]
Last year, Diversified Healthcare Trust (Nasdaq: DHC) transitioned more than 100 senior living communities from Five Star Senior Living to 10 other operators. That effort started to bear fruit in the first quarter of 2022, according to the company’s top executives. Occupancy for the 107 communities increased approximately 100 basis points in the first quarter […]
Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio. The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania […]
Fresh off completing its transition of 107 communities to other operators, Five Star Senior Living (Nasdaq: FVE) is undergoing a leadership change. Margaret Wigglesworth is retiring from her position as executive vice president and COO. She will continue to serve as an employee of Five Star through the end of 2021, according to a Nov. […]
Charter Senior Living went on the offense last year — and that momentum is still propelling the company forward into 2022. The Naperville, Illinois-based company has added about 10% in average same-store occupancy between March and September as it gets a handle on issues including staffing and wages, fraying supply lines and the rising cost […]
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]
Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]
Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]
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