Covid-19 Bulletin: HHS Sends Antigen Tests to 12,000 Sites; Older Adults Reconsider Moves to Senior Living

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]

Stabilized Senior Housing Occupancy Falls to 88.7% in April

The coronavirus pandemic sent occupancy rates for senior housing and skilled nursing communities on a downward trajectory in April, according to a new intra-quarterly report released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Senior housing stabilized occupancy among NIC’s 31 primary markets dropped 110 basis points to 88.7% — the […]

Five Star’s Sales Leads Drop 50% in April, More Deterioration Expected

As with other publicly traded operators, Five Star Senior Living (Nasdaq: FVE) did not escape the first quarter of 2019 unscathed by the coronavirus pandemic. Five Star entered 2020 with 82 newly hired executive directors and a new operational agreement with its primary landlord, Diversified Healthcare Trust (Nasdaq: DHC), and both companies were focused on […]

Five Star CEO Weighs Hard Choices to Define Company for the Future

Now that CEO Katie Potter has led Five Star Senior Living (Nasdaq: FVE) through a restructuring year, she is thinking bigger about the future of the industry and how the Newton, Massachusetts-based provider can succeed. “How do we change and evolve our assets? It comes with making decisions in terms who you’re going to be […]

Five Star Begins ‘New Era’ with Hiring Push, Focus on Operational Improvements

With 82 recently hired executive directors on board and an updated revenue management system in place, Five Star Senior Living (Nasdaq: FVE) is focused on driving operational improvements in the year ahead. The Newton, Massachusetts-based provider is coming off a major restructuring with Diversified Healthcare Trust (Nasdaq: DHC), a real estate investment trust also based […]

Transactions & Financings: Five Star Restructuring Complete; HJ Sims Arranges $219M Construction Financing

Cindat, Omega partner on $232M UK portfolio deal Chinese investment firm Cindat Capital Management entered into a joint venture with health care real estate investment trust, Omega Healthcare Investors (NYSE: OHI), on a 49% stake in a 67-property senior housing portfolio in the United Kingdom from Irvine, California-based health care REIT, Healthpeak Properties (NYSE: PEAK). […]