One of the nation’s biggest senior living providers is pitching in to aid Houston seniors displaced by the devastating flooding that Hurricane Harvey left in its wake. Dallas-based Capital Senior Living (NYSE: CSU), which owns and operates 129 senior living communities around the U.S., including 32 in Texas, has announced that it has room for […]
Kindred Healthcare
Happy Monday, Senior Housing News readers! Hopefully your weekend was a great one. The Thrive Innovation Center, a “thematic experience center” where consumers can try out innovative technology for aging seniors, is set to officially open in Louisville, Kentucky, on October 19. The Thrive Center was created through a public-private partnership between the Commonwealth of Kentucky […]
Happy Monday, Senior Housing News readers! Sunday was National Friendship Day, and we’re celebrating with the story of four high school best friends that now live as neighbors on the seventh floor of the Brookdale Niles independent living community in Niles, Illinois. The 91-year-olds—Rochelle Schpak, Florence Burgher, Phyllis Dubow and Eileen Kritzman—met when they were […]
Chicago-based real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) feels the wind is at its back despite some issues related to senior housing occupancy in light of a big surge in new supply opening. Ventas Chairman and CEO Debra Cafaro struck an optimistic tone during the company’s second-quarter 2017 earnings call on July 28. “We should in all […]
Happy Monday, Senior Housing News readers! Last week was a short one—and, let’s face it, you probably didn’t spend your Fourth of July catching up on the latest news. Luckily, we’ve got you covered. Here’s all of last week’s must-read news you may have missed: A Place for Mom is being sold for an undisclosed […]
Kindred Healthcare (NYSE: KND) has found a buyer for its skilled nursing portfolio, and its major real estate investment trust (REIT) landlord Ventas (NYSE: VTR) expects to ultimately receive $700 million from the deal. The buyer, BM Eagle Holdings, is a joint venture led by affiliates of BlueMountain Capital Management, a privately held New York-based […]
The 2016 presidential election and its aftermath have served as major talking points for those in the senior housing industry, from executives to association leaders. Major senior housing owner Ventas Inc. (NYSE: VTR), for instance, has a plan to cope with the “volatility and uncertainty in the markets, public policy and in the geopolitical sphere,” Chairman […]
Happy Monday! Hopefully your weekend was as exciting or as relaxing as you’d intended. Before this week gets too busy, be sure to catch up on last week’s most-read stories on Senior Housing News: Gardant Management Solutions CEO Rod Burkett flies Southwest Airlines a lot—and he looks to the company for inspiration in running his […]
Late last year, Kindred Healthcare (NYSE: KND) announced its intention to completely exit the skilled nursing sector. Now, the Louisville, Kentucky-based post-acute care services provider is reportedly receiving takeover interest. The one-time skilled nursing giant is in “late-stage” discussions with several potential buyers for its skilled nursing business, according to Dealreporter. Still, Kindred is not […]
The top dogs at two of the three major U.S. health care real estate investment trusts (REITs) saw their pay drop last year, according to new SEC documents. Debra Cafaro, the chairman and CEO of Chicago-based Ventas, Inc. (NYSE: VTR), saw her pay drop 11.5% to about $9.6 million in 2016, according to a proxy filing […]
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