Five Star Senior Living (Nasdaq: FVE) is making progress on its recently announced repositioning effort, and intends to “evolve” and “diversify” as part of a three-pronged strategy, CEO Katie Potter said Thursday. That diversification could involve managing communities for a wider range of ownership groups, as well as broadening the scope of business beyond senior […]
Five Star Senior Living
One of the nation’s largest senior living operators will be smaller in the future, as Five Star Senior Living (Nasdaq: FVE) will soon exit management of 108 communities. With this recent news, now all three of the largest publicly traded U.S. senior living operators — Brookdale Senior Living (NYSE: BKD); Capital Senior Living (NYSE: CSU); […]
Diversified Healthcare Trust (Nasdaq: DHC) has struck an agreement with Five Star Senior Living (NYSE: FVE) to transition 108 senior living communities to other operators by the end of 2021. The senior living operator will also close and reposition the skilled nursing units in all of the continuing care retirement communities (CCRCs) it manages for […]
Senior living providers recovering from the pandemic are using discounts and concessions to regain occupancy, raising concerns about price wars as companies across the industry strive to rebuild occupancy. In November 2020, providers such as Five Star Senior Living (NYSE: FVE) were already observing deep discounts and concessions in the market. Other data, including mystery […]
Five Star Senior Living’s (Nasdaq: FVE) plans to expand its rehabilitation and wellness services portfolio in 2021, as the segment became an area of positive growth during 2020 and demand for rehab and wellness services increased throughout the coronavirus pandemic. The rehab and wellness arm helped to offset continued struggles with Five Star’s senior housing […]
Frustrated by a lack of information on the pandemic at her Five Star Senior Living (Nasdaq: FVE) community last year, resident Diana Wiener took matters into her own hands. She started a newsletter, and nine issues later, “The Buzz” is circulating among the residents of Five Star Premier Residences of Yonkers in Yonkers, New York. […]
A recent press release from Best Life Brands caught my attention, because it suggests that senior living franchise companies will rise and create new competitive pressures in the aftermath of Covid-19. Fueled by private equity capital from The Riverside Company, Best Life Brands is assembling a platform of franchise-based companies serving the older adult market. […]
Diversified Healthcare Trust’s (Nasdaq: DHC) senior housing occupancy fell in the final months of 2020 — but the company’s leaders are heartened by positive trends in vaccinations and new sales leads. Occupancy for the Newton, Massachusetts-based real estate investment trust’s senior housing operating portfolio (SHOP) fell to 70.7% as of Dec. 31. That represents a […]
Senior Lifestyle Corp. and Brookdale Senior Living (NYSE: BKD) have high satisfaction among senior living decision-makers, while Life Care Services has satisfied independent living residents, according to the 2020 U.S. Senior Living Satisfaction Study from global marketing information services company J.D. Power. The study, which J.D. Power released today, measured resident satisfaction among the nation’s […]
Ventas (NYSE: VTR) has repositioned its portfolio in recent years, with a focus on life science and medical office — and now, its senior housing assets are bearing the brunt of negative effects from Covid-19. But, unlike one of its real estate investment trust (REIT) peers, Ventas’ leaders are committed to senior living going forward. […]
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