‘No longer doubt’ about Five Star’s future as company reports first quarterly profit since 2013,...
By
Lois A. Bowers
Aug 08, 2019
Five Star Senior Living reported its first quarterly profit in six full years, realizing a net income of $4.2 million for the second quarter of 2019, President and CEO Katherine “Katie” Potter said...
Brookdale credits ‘win locally’ strategy for recent momentum
By
Lois A. Bowers
Aug 07, 2019
A turnaround strategy focused on efforts at the community level is resulting in improvements in several key areas, Brookdale Senior Living executives said Tuesday during the company’s second-quarter...
People in the news, Aug. 6
By
Mallory Hackett
Aug 06, 2019
Appointments, promotions and other news involving the American Health Care Association, Army Distaff Foundation, Asbury Place Maryville, Brookmeade Community, Elderwood Assisted Living, Friends Home &...
Second quarter, with $2.6 billion in gross investments, ‘not driven by a bunch of deals,’ Welltower...
By
Lois A. Bowers
Aug 02, 2019
Welltower’s $2.6 billion in completed gross investments made the second quarter “one of our busiest ever for investments,” Chief Financial Officer John Goodey said Thursday during the real estate...
Activist shareholder criticizes Brookdale Senior Living performance, board days before earnings call
By
Lois A. Bowers
Jul 31, 2019
One week before Brookdale Senior Living’s second-quarter earnings call, activist shareholder Land & Buildings issued another open letter to fellow shareholders on Tuesday, saying the country’s largest...
Ventas: ‘Optimism remains’ about senior housing
By
Lois A. Bowers
Jul 29, 2019
Ventas executives said Friday that they have high expectations for performance in the real estate investment trust’s U.S. senior living portfolio over the next five years, although they don’t expect...
Documentation, room assignments two steps in reducing fatal resident-to-resident incidents, researchers...
By
Lois A. Bowers
Jul 25, 2019
Improving documentation and considering room assignments are two of the steps long-term care facilities can take to try to reduce fatal resident-to-resident incidents in their communities, according to...
New joint venture acquires $180 million portfolio of senior living communities
Jul 24, 2019
Washington, DC-based Madison Marquette has entered into a joint venture to acquire a portfolio of six U.S. senior living communities with Dubai-based GFH Capital, a subsidiary of Bahrain-based GFH Financial...
Labor Department tells senior living operator that sales employees are nonexempt, deserve back wages
By
Lois A. Bowers
Jul 23, 2019
The operator of a Tennessee senior living community agreed to pay $81,008 in back wages and liquidated damages after the U.S. Department of Labor’s Wage and Hour Division said the community’s sales...
More mysterious illness cases reported at CCRC as neighboring facility reports an outbreak, too
By
Lois A. Bowers
Jul 18, 2019
Reported illnesses, hospitalizations and deaths of residents sickened in an infectious disease outbreak at a Virginia retirement community have inched upward since June 30, and now another, unrelated senior...