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% […]
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 […]
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 […]
Five Star Senior Living (Nasdaq: FVE) has raised its private pay senior living rates in an effort to counterbalance lower revenues caused in part by a sinking occupancy rate. “Independent living and assisted living revenues combined were flat, as decreases in occupancy were offset with increases in rates,” Five Star President and CEO Bruce Mackey […]
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 Artis Senior Living to Open Ohio Memory Care Community Artis Senior Living has purchased a […]
The shift from building communities with only one level of care to building with an entire continuum of care seems like it could be here to stay in senior living. Dynamic pricing, which some providers have touted as a more effective and technologically sophisticated way of setting rents, is most likely on its way out. […]
Five Star Senior Living Names Adam Portnoy as Managing Director Five Star Senior Living (Nasdaq: FVE) announced that Adam Portnoy was elected as its new managing director. Portnoy, 47, was elected in order to fill a vacancy on the board left by the unexpected passing of Barry Portnoy, Five Star’s founder and one of its managing […]
Memory care has emerged as an embattled front in Five Star Senior Living’s (Nasdaq: FVE) ongoing effort to boost its sagging senior living occupancy. For the fourth quarter of 2017, Five Star logged $279.2 million in senior living revenue, which represents a 0.6% decrease from the $281 million it saw for the same period in […]
Wearable technology, voice-activated assistants and “smart” devices are on the verge of dominating the senior living landscape, and providers must be prepared to navigate the risks and opportunities that lie therein. These cutting-edge technologies are promising, but providers are still determining how to implement them most effectively, according to executives with some of the largest providers in the nation, […]
Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]
