Former Five Star Senior Living COO Herzig Leaves Company

Former Five Star Senior Living (Nasdaq: FVE) COO Scott Herzig has left the company. Herzig’s employment with the Newton, Massachusetts-based senior living owner and operator ended on Dec. 12, according to an SEC disclosure filed Monday. Herzig ended his roughly 18-year tenure with the company as senior vice president of senior living operations, a position he assumed […]

Five Star Names Katherine Potter as New President, CEO

Five Star Senior Living (Nasdaq: FVE) has named a new president and CEO, and current company leader Bruce Mackey is preparing his exit. The Newton, Massachusetts-based senior living owner and operator has chosen Katherine Potter to take the reins on Jan. 1, one day after Mackey is set to retire from the company. Potter, 42, first […]

Five Star Weighs Options as Financial, Operational Challenges Mount

Five Star Senior Living (Nasdaq: FVE) is considering a wide range of options to help it weather ongoing operational and financial woes. The Newton, Massachusetts-based senior living provider needs to pursue a plan of action regarding projected cash needs for the year ahead, Five Star President and CEO Bruce Mackey said on a third-quarter earnings call […]

Nasdaq Warns Five Star: Raise Stock Price or Face Delisting

Amid persistently low daily stock prices for Five Star Senior Living (Nasdaq: FVE), the Nasdaq stock exchange on Tuesday issued a stock delisting warning to the senior living operator. The Newton, Massachusetts-based company’s stock price averaged less than $1 per share over the most recent 30-day trading period, threatening its continued listing on Nasdaq. By […]

In the Pipeline: Work Starts for Atria Community Near Denver; Koelsch Plans Memory Care Property

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Koelsch Plans Washington State Memory Care Community Koelsch Communities is currently in the planning […]

Five Star Reevaluates Skilled Nursing Exposure as Senior Living Revenue Sags

Five Star Senior Living (Nasdaq: FVE) is mulling the future of some of its communities’ skilled nursing units as industry headwinds continue to batter the company’s bottom line. Occupancy at the Newton, Massachusetts-based operator’s owned and leased senior living communities was 81.4% for the second quarter of 2018, a 170 basis-point decrease from the 83.1% […]

J.D. Power Launches Senior Living Community Certification Program

The senior housing industry now has its first-ever customer satisfaction benchmark, courtesy of a well-known consumer ratings giant. J.D. Power will officially launch its Senior Living Community Certification program on Tuesday, which provides a means for individual senior housing communities to become certified as providers of quality care. The launch marks a continuation of J.D. Power’s […]

Tracking CEO Compensation at Public Senior Living Companies in 2017

The top executives behind some of the largest publicly traded senior living owners and operators in the U.S. took home a pretty penny last year. In 2017, leaders at real estate investment trusts Ventas (NYSE: VTR), Welltower Inc. (NYSE: WELL), and HCP, Inc. (NYSE: HCP) earned the most in total compensation, a catch-all term that includes base […]