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). […]

Federal Lawsuit Claims CVS Health/Omnicare Improperly Refilled Meds Across 3,000-Plus Senior Living Communities

Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]

Restructuring on Pace, Five Star Expects Earnings to Turn Positive in 2020

Five Star Senior Living (Nasdaq: FVE) showed continued progress repositioning its senior housing portfolio in the third quarter of 2019, even if the raw numbers were not all pretty. The Newton, Massachusetts-based provider posted a net loss of $7.1 million for the three-month period ending on September 30. However, that marks an improvement over the […]

Life Care Services Tops J.D. Power Ranking of 8 Large Senior Living Providers

Life Care Services has the most satisfied residents among eight large industry competitors, according to a new study from global marketing information services company J.D. Power. Des Moines, Iowa-based Life Care Services, an LCS company, took the top spot, followed by McLean, Virginia-based Sunrise Senior Living; Newton, Massachusetts-based Five Star Senior Living (NYSE: FVE); and […]

Transactions & Financings: CareTrust’s Memory Care Expansion; SNH-Five Star Restructuring

CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]

Navion Partners with Blackstone Affiliate to Manage 10 Senior Living Properties

A North Carolina-based senior housing owner and operator has more than tripled the size of its management portfolio, and is setting the stage for a gradual pipeline of new communities over the next decade. Raleigh-based Navion Senior Solutions assumed operations of 10 communities in Kentucky, South Carolina, Tennessee and Virginia through a partnership with Longview […]

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 […]