U.S. News and Caring.com Launch Assisted Living Directory

U.S. News & World Report and Caring.com on Tuesday launched a new directory that will provide seniors and their families information on assisted living communities and advice on how to make informed decisions. The new directory will include data on more than 8,700 assisted living facilities across the country, U.S. News Senior Health Data Analyst […]

Largest Senior Living Providers List Grows, No Surprises at the Top

There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]

After Restructuring, Five Star Posts First Quarterly Profit Since 2013

Five Star Senior Living (Nasdaq: FVE) has regained financial stability and is driving forward with operational initiatives. After posting a $33.2 million net loss in the first quarter of 2019, the Newton, Massachusetts-based senior living provider on Wednesday reported $4.2 million of net income in the second quarter, spurred by the completion of several transactions […]

Five Star Names Real Estate Veteran Wigglesworth as COO

After eight months, Five Star Senior Living (Nasdaq: FVE) has a new COO. The Newton, Massachusetts-based senior living owner and operator hired Margaret Wigglesworth for the role. She will assume her duties effective August 12, according to a release announcing the hire. Five Star has been without a COO since Scott Herzig left the company […]

Transactions & Financings: Senior Living Communities’ $35M CCRC Acquisition; Sunrise Acquires New Jersey Site

Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]

Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Former Five Star Execs Mackey, Herzig Launch Sona Senior Living

Former Five Star Senior Living (Nasdaq: FVE) CEO Bruce Mackey and COO Scott Herzig have launched a new senior living operating company called Sona Senior Living. Sona, which is headquartered in the Boston area, will initially focus on third-party management of senior living communities across the care continuum and throughout the U.S. While it hasn’t […]

Five Star C-Suite Shakeup Continues with New CFO

Five Star Senior Living (Nasdaq: FVE) is shaking up its executive ranks again, two days before releasing its Q1 2019 earnings report. The Newton, Massachusetts-based senior living owner and operator announced the appointment of Jeffrey C. Leer as Executive Vice President, Chief Financial Officer and Treasurer. Leer will assume his duties June 1. He succeeds […]

Five Star, Senior Housing Properties Trust Strike Major Lease Restructuring

Five Star Senior Living (Nasdaq: FVE) struck a comprehensive lease restructuring and ownership agreement with Senior Housing Properties Trust (Nasdaq: SNH), in a move aimed at immediately easing Five Star’s financial woes and restoring the provider to full health in the longer term. The deal will shift ownership of Newton, Massachusetts-based Five Star substantially to […]