Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]
Five Star Senior Living
The Covid-19 pandemic has pressured just about every facet of senior living operations — but for some senior living providers, it has been an opportunity to learn, grow and evolve. From creating new worker positions that have helped prevent move-outs during the pandemic to re-engaging residents after a long period of isolation, leaders with Integral […]
Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]
U.S. News & World Report — which issues influential rankings of hospitals, nursing homes, universities and other businesses — is turning to senior living. The publication plans to rate* U.S. senior living brands based on standardized consumer input gathered through surveys created by Activated Insights. Activated Insights is the organization that is also behind the […]
In 2019, Reddit Co-Founder Alexis Ohanian told me that he expects senior living to be disrupted within 10 years. Here’s how I summed up his thinking: “Ohanian believes that a new senior living brand could emerge that has ‘amazing software really built into every bit of the process,’ to better appeal to and serve the […]
Diversified Healthcare Trust (Nasdaq: DHC) is nearing completion of its plan to transition 108 communities managed by Five Star Senior Living (Nasdaq: FVE) by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) on Tuesday announced it entered into a new management agreement with Cedarhurst Senior Living for seven assisted living facilities […]
Five Star Senior Living (Nasdaq: FVE) is a leaner company today thanks to its plan with Diversified Healthcare Trust (Nasdaq: DHC) to transition 108 communities to new operators. But that is only the beginning of a larger metamorphosis taking place within the company, according to Five Star CEO Katie Potter. “This important first phase of […]
Diversified Healthcare Trust (Nasdaq: DHC) is making progress on its plan to transition 108 communities operated by Five Star Senior Living (NYSE: FVE) to new operators by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) announced three new management agreements with operators for 66 communities, accounting for 61% of the portfolio […]
Back in April, I observed that capital is pouring into the home care sector, and that senior living providers need to be alert to threats and opportunities posed by growth and innovations in at-home care. So, I’m not surprised that there’s an emerging trend of senior living providers starting or expanding at-home care business lines. […]
With vaccination rates high and occupancy starting to tick up, now is the time for senior living providers to reevaluate their plans for the future in light of Covid-19. “If you haven’t focused on strategic planning because you’ve been in the middle of Covid, we totally understand that — but now is the time to […]
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