Brookdale, Pennant Efforts to Evolve Executive Director Role Point to Industry Shortcomings

Brookdale Senior Living (NYSE: BKD) and Pennant Group (Nasdaq: PNTG) held their earnings calls in the last week, with one common theme being the future of the executive director role. “We are evolving the executive director role to emphasize a larger growth mindset, underscoring strong sales acumen for the incumbents and future community leaders,” Brookdale […]

Olympus Retirement Principal: We’re Building New Senior Living Operator to ‘Stand the Test of Time’

Tim Nelson is a senior living veteran, having spent time with Pennant Group (NASDAQ: PNTG) and Ensign Group (NASDAQ: ENSG). Now, he is leading a new senior living venture with the goal of building a company that will last years into the future. Nelson is co-principal leading Olympus Retirement Living, the private-pay senior living brand […]

What Other Providers Can Learn from Ensign’s Consistent Success

Last week, Ensign Group (Nasdaq: ENSG) posted another quarter of impressive results. The company — which primarily has operated skilled nursing facilities since spinning off Pennant Group (Nasdaq: PNTG) in 2019 — also announced some senior living acquisitions. The positive earnings come so regularly for Ensign, including in tough market conditions, that some people question […]

Pennant Buys First Senior Living Real Estate Asset After Growing Occupancy, Revenue in 1Q

The Pennant Group (Nasdaq: PNTG) gathered momentum in the first quarter of 2022 as senior living occupancy and revenue went on the upswing. Senior living services segment revenue in 1Q22 registered at $33.4 million, representing a 7.7% increase over the same quarter last year. Senior living average occupancy ticked up to 72.6% in the first […]

Pennant to Transfer 5 Communities to Ensign After Strategic Review

The Pennant Group (Nasdaq: PNTG) is shedding some communities from its portfolio.  The company has entered into definitive agreements to transfer the operations of five senior living communities to affiliates of The Ensign Group (Nasdaq: ENSG), the company it spun off from in 2019. The communities, located in Arizona, California, and Washington, are all located […]

Movers & Shakers: New CareTrust CEO as Sale Rumors Swirl; SRG Finds VP in Defense Sector

CareTrust gets new CEO amid rumors of sale CareTrust (Nasdaq: CTRE) appointed former president and COO David Sedgewick to be its new CEO. Before joining the San Clemente, California-based real estate investment trust (REIT), Sedgwick held leadership positions at the Ensign Group (Nasdaq: ENSG), CareTrust’s largest tenant. CareTrust itself was formed in a spin-off from […]

Welltower, Ensign Group Drive 2019 Long-Term Care M&A Activity

Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]

Pennant CEO: Providing Senior Living, Home Health at Scale Gives Us An Edge

As CEO of Pennant Group (Nasdaq: PNTG), Danny Walker is leading an organization with about 50 senior living communities and 60 home health and hospice agencies — and he believes that this mixed portfolio will give the company a competitive advantage by enabling it to drive coordinated care. Pennant officially came into existence at the […]

Ensign Announces Flurry Of New Senior Housing Acquisitions Following Strong Q3

The Ensign Group (NYSE: ENSG) has bulked up its senior housing portfolio in recent weeks. The Mission Viejo, California-based senior care operator on Thursday announced the acquisition of Rock Creek of Ottawa, a post-acute care retirement campus with 93 skilled nursing beds, 71 assisted living units and 24 independent living units located in Ottawa, Kansas. The acquisition is […]