Companies that employ more than 100 people — including senior living providers — must implement a mandatory Covid-19 vaccination policy, under an Occupational Safety and Health Administration (OSHA) rule issued Thursday. All workers in these companies must receive their final Covid-19 vaccination shot by January 4, 2022. Alternately, workers could undergo routine Covid-19 testing and […]
Sabra Health Care REIT
Hudson Originates $37.75 Bridge Loans for Columbia Pacific Advisors Hudson Realty Capital completed its first health care deal on the heels of hiring senior living industry veteran Ashley Wilkens as director, deputy chief underwriter. The transaction involved two bridge loans aggregating $37.75 million secured by two senior living and memory care communities. One is The […]
The impending closure of Eclipse Senior Living and the transition of its 90 communities to eight other operators is the latest upheaval to the industry, after nearly 20 months of pandemic-related disruption. Lake Oswego, Oregon-based Eclipse’s closure is obviously bad news, with 171 employees losing their jobs and shares of its real estate investment trust […]
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 […]
Sabra Healthcare REIT’s (Nasdaq: SBRA) decision to exit its Enlivant joint venture with private equity firm TPG has not soured the company on the operator, nor lessened its appetite for senior housing. With the wheels already turning on a sale of its 49% stake in the 159-community portfolio, Sabra is turning its attention to growing […]
Sabra Health Care REIT (Nasdaq: SBRA) will exit its joint venture with private equity firm TPG in 159 senior housing communities operated by Enlivant, bringing a nearly two-year saga close to its endgame. The Irvine, California-based health care REIT announced its intentions on Wednesday, ahead of its Q2 2021 earnings call. However, CEO Rick Matros […]
Recent data on CEO turnover suggests that a new cadre of top executives is rising in the wake of the pandemic, across various industries. That trend could also be playing out in senior living. Covid-related burnout and the need for new skillsets in light of pandemic-related challenges are two factors underlying recent CEO turnover across […]
In May 2020, we ran a story arguing that Covid-19 was building the case for senior living providers to become involved in Medicare Advantage (MA). Now, there are signs that this is coming to pass: AllyAlign Health has raised a $300 million investment round Senior living-focused American Health Plans (AHP) is growing Rick Matros, CEO […]
The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before […]
When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]
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