Low Occupancy Prompts Price Discounts in Senior Living — But Providers Wary of Risks

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 […]

Ventas’ Hutchens: Sidelined Referral Sources Could Drive Move-Ins 30% As They Return

As more senior housing providers complete Covid-19 vaccination clinics and infections decline, owners are expressing renewed confidence that a rebound in occupancy is closer than expected, despite predictions of a prolonged recovery by analysts. Notably, even as lead generation has recently improved, some important sources of referrals have remained on the sidelines, Ventas (NYSE: VTR) […]

How Brookdale’s HCA Deal Could Go Beyond Home Health

Last week brought the news that HCA Healthcare (NYSE: HCA) is paying $400 million for an 80% stake in the home health and hospice business of Brookdale Senior Living (NYSE: BKD). The move had long been rumored, with Brookdale’s need to shore up liquidity in the face of pandemic-related expenses adding urgency in recent months. […]

Capital Senior Living Completes Triple-Net Exit, Launches Management Business

Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]

BMO Capital Markets: Senior Housing Faces ‘Elongated Recovery’ Through 2025

Senior housing’s post-coronavirus recovery may take longer than some expect, with cash flows and occupancy not returning to pre-pandemic levels until 2025. That is according to a new report on the sector from BMO Capital Markets (NYSE: BMO). The Toronto-based investment bank and financial services firm, using proprietary modeling, studied historic market net absorption trends […]