This week, Senior Housing News readers were among the first to know that Brookdale Senior Living (NYSE: BKD) sold a 44-property seniors housing portfolio for about $253 million. Readers also learned about an owner of multiple home health and senior living facilities who committed $1 billion in fraud, Atria Senior Living’s new Atria Hospitality venture, […]
Senior Star
Senior Star is once again calling out the actions of Five Star Quality Care (Nasdaq: FVE), this time criticizing multiple elements of its close relationship with real estate investment trust (REIT) Senior Housing Properties Trust (Nasdaq: SNH). Five Star Quality Care was once a 100% owned subsidiary of Senior Housing Properties Trust, which remains the senior […]
Sandell Asset Management has exited its position in Brookdale Senior Living (NYSE: BKD), about one year after the firm publicly pushed the senior living provider to spin off its real estate assets to maximize shareholder value. New York-based Sandell Asset Management and Sandell Investment Services LLC held shares of BKD as of the end of […]
Headline reports this week falsely claimed that rapper 50 Cent sold his Connecticut home to a developer with plans to turn the estate into an assisted living facility. While those rumors sparked our attention here in the newsroom, we kept you in the know with the facts. In the wake of earnings call season, senior […]
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
People who have questions about any aspect of senior living—the different housing options, the financial components, what living in a community feels like—have a new, industry-backed source of information. It’s a sort of virtual “Got Milk?” campaign for senior living, American Seniors Housing Association (ASHA) President David Schless told Senior Housing News. The famous milk […]
Senior Housing News will be out of the office this Thursday and Friday, but we’ll return to our regular posting schedule on Monday, Dec. 28. In the meantime, SHN would like to wish our readers a safe and enjoyable Christmas. For now, here are a few of the recent happenings in the senior housing sector. […]
The Five Star Quality Care (NYSE: FVE) Board of Directors has officially responded to a public call for the sale of Five Star’s owned assets to Gemini Properties, an affiliate of senior living owner and operator Senior Star. On Dec. 21, Five Star wrote to Senior Star and Gemini Principal William Thomas and reiterated that its owned […]
This week, our readers were inundated with news and were keen to know more about a proposed portfolio deal between an affiliate company of Senior Star and Five Star Quality Care. The Federal Reserve also finally announced it would aim to increase interest rates for the first time in nearly a decade. We kept readers […]
Five Star Quality Care’s (NYSE: FVE) senior housing assets are not for sale, the company said late last month in response to a push by the owners of Tulsa-based Senior Star to sell its portfolio of senior housing properties. But Senior Star’s executives says the proposed deal warrants more consideration. Five Star Quality Care is […]
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