ABHOW, be.group Complete Merger American Baptist Homes of the West (ABHOW) and be.group have completed their merger and will now be part of holding company Cornerstone Affiliates. The previously announced deal was approved by regulators early last month. The merged companies form California’s largest nonprofit senior living provider and the nation’s sixth-largest such organization. The […]
Five Star Quality Care Inc.
Headline reports this week falsely claimed that rapper 50 Cent sold his Connecticut home to a developer with plans to turn the estate into an assisted living facility. While those rumors sparked our attention here in the newsroom, we kept you in the know with the facts. In the wake of earnings call season, senior […]
This week, our readers were inundated with news and were keen to know more about a proposed portfolio deal between an affiliate company of Senior Star and Five Star Quality Care. The Federal Reserve also finally announced it would aim to increase interest rates for the first time in nearly a decade. We kept readers […]
Five Star Quality Care Appoints Richard A. Doyle as CFO and Treasurer Senior living and health care services company Five Star Quality Care, Inc. (NYSE: FVE) announced the election of Richard A. Doyle as its chief financial officer and treasurer. He was elected by Five Star’s board of directors. Doyle previously served as chief financial […]
Size matters for the top U.S. senior housing operators of 2013 as both Brookdale Senior Living Inc. (NYSE: BKD) and Emeritus Senior Living (NYSE: ESC) took the #1 and #2 spots in the latest American Seniors Housing Association (ASHA) Top 50 list. The ASHA 50, released by the National Real Estate Investor, ranks the largest […]
Senior Housing Properties Trust’s (NYSE: SNH) sale this week of two hospitals for $90 million looks to further reduce the company’s Medicare and Medicaid footprint and focus in on private pay senior housing assets in its portfolio. SNH announced December 31, 2013 that it closed the sale of two rehabilitation hospitals to a joint venture […]
Senior Housing Properties Trust (NYSE: SNH) announced Friday that it has entered into an agreement to sell two rehabilitation hospitals to a joint venture for $90 million. The two hospitals to be sold are the 198-bed New England Rehabilitation Hospital located in Woburn, Massachusetts, and 166-bed Braintree Rehabilitation Hospital in Braintree, Mass. Currently leased to […]
Senior living operator Five Star Quality Care (NYSE: FVE) announced second quarter earnings today lagging the previous-year period as well as plans to sell off 11 communities. Income from continuing operations fell 49% to $2.7 million or $0.06 per diluted share, compared with $5.3 million or $0.10 per diluted share in the second quarter last year. […]
Subscribe
Receive industry updates and breaking news from SHN