With Federal Rules Released, Lagging Senior Living Providers Must Mandate Staff Vaccination

Companies that employ more than 100 people — including senior living providers — must implement a mandatory Covid-19 vaccination policy, under an Occupational Safety and Health Administration (OSHA) rule issued Thursday.  All workers in these companies must receive their final Covid-19 vaccination shot by January 4, 2022. Alternately, workers could undergo routine Covid-19 testing and […]

Eclipse Senior Living Closure Shows Covid is Casting Long Shadow Over Industry

The impending closure of Eclipse Senior Living and the transition of its 90 communities to eight other operators is the latest upheaval to the industry, after nearly 20 months of pandemic-related disruption. Lake Oswego, Oregon-based Eclipse’s closure is obviously bad news, with 171 employees losing their jobs and shares of its real estate investment trust […]

Sabra Remains ‘Committed’ to Senior Housing, Names Costa New CFO

Sabra Healthcare REIT’s (Nasdaq: SBRA) decision to exit its Enlivant joint venture with private equity firm TPG has not soured the company on the operator, nor lessened its appetite for senior housing. With the wheels already turning on a sale of its 49% stake in the 159-community portfolio, Sabra is turning its attention to growing […]

Sabra Officially to Exit Enlivant JV, Reports $164 Million Impairment Charge

Sabra Health Care REIT (Nasdaq: SBRA) will exit its joint venture with private equity firm TPG in 159 senior housing communities operated by Enlivant, bringing a nearly two-year saga close to its endgame. The Irvine, California-based health care REIT announced its intentions on Wednesday, ahead of its Q2 2021 earnings call. However, CEO Rick Matros […]

$300M Investment Signals Faster Growth of Medicare Advantage in Senior Living

In May 2020, we ran a story arguing that Covid-19 was building the case for senior living providers to become involved in Medicare Advantage (MA). Now, there are signs that this is coming to pass: AllyAlign Health has raised a $300 million investment round Senior living-focused American Health Plans (AHP) is growing Rick Matros, CEO […]

Atria, Welltower Deals Could Create ‘Holiday 3.0,’ Shake Up Industry

When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]

Sabra CEO: Labor Challenges Could Slow Senior Living Occupancy Recovery

Exceptionally tight labor markets are causing senior living worker shortages even in positions that usually are easier to fill — and these workforce challenges could slow the pace of post-pandemic occupancy recovery. “If you have 10 patients or residents that you’re going to admit over the next week or two, you have to have enough […]

Senior Living Capital Structures in Question as Owner, Operator Tensions Rise

During the last year, many senior living ownership groups worked closely with operators and granted them leeway on certain pre-pandemic expectations. But the situation is now changing, creating tension and generating debate about whether new capital structures are needed. Corporate talent management firm Ferguson Partners recently had conversations with 13 industry executives, including owner and […]

Sabra CEO: We Prefer to Exit Enlivant Portfolio, Expect $10B in Federal Relief to Sector

Leaders with Sabra Health Care REIT (Nasdaq: SBRA) would prefer to exit their joint venture investment in senior living provider Enlivant rather than acquire the whole company. “Although we haven’t made a final decision, in all likelihood, our preference is to exit,” Sabra CEO Rick Matros said Wednesday at Nareit’s REITweek 2021 Virtual Investor Conference. […]