Sonida CEO ‘very confident’ about company’s future despite issuing notice of ‘substantial doubt’
By
Lois A. Bowers
Mar 31, 2023
Sonida Senior Living has “substantial doubt about our ability to continue as a going concern,” the company reported Thursday, but executives also expressed optimism about the company’s future.
CareTrust REIT decides to keep 14 senior living properties previously marked for change
By
Lois A. Bowers
Feb 13, 2023
The REIT decided to keep 14 senior living communities previously designated as candidates for sale, repositioning or restructuring.
COVID, workforce, financial issues confront senior living providers as 2023 starts, leaders say
By
Lois A. Bowers
Jan 03, 2023
Addressing the burnout plaguing existing employees while working to entice others to join the industry will be a focus of providers in 2023.
Brookdale Senior Living sees ‘super cycle’ of occupancy, rate growth
By
Lois A. Bowers
Nov 09, 2022
Brookdale Senior Living’s third quarter saw record move-ins and positive trends in occupancy growth and net hires, President and CEO Cindy Baier said Tuesday during the company’s latest earnings call.
Operators to ‘grapple’ with COVID-related issues for at least another year, Omega CEO predicts
By
Lois A. Bowers
Nov 04, 2022
Labor costs and inflation continue to affect senior living operators in Omega Healthcare Investors’ portfolio, executives said Thursday on the Hunt Valley, MD-based real estate investment trust’s third-quarter...
LTC Properties ‘not sitting here waiting’ for Brookdale’s next move, CEO says
By
Lois A. Bowers
Oct 31, 2022
With Brookdale Senior Living’s lease with real estate investment trust LTC Properties up in 2023 and rumors swirling that the Brentwood, TN-based senior living operator is shopping for a buyer, the Westlake...
Inflation, rising rates and mounting indications of a recession present challenges and opportunities for CareTrust REIT and its operating partners, President and CEO Dave Sedgwick said in discussing the...
AlerisLife plans $14 million in cost cuts, $4 million in investments
By
Lois A. Bowers
Aug 05, 2022
Newton, MA-based AlerisLife will reduce costs by approximately $14 million and invest approximately $4 million under recommendations made by a consulting firm it hired, to “drive efficiencies and standardize...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
Senior living occupancy increases for third quarter in a row, led by assisted living
By
Lois A. Bowers
Apr 08, 2022
Occupancy in senior living communities in the first quarter increased for the third quarter in a row, according to NIC MAP data released Thursday afternoon related to the 31 primary markets that NIC MAP...