CareTrust REIT is ‘locked and loaded to grow,’ CEO says
By
Lois A. Bowers
May 06, 2024
The overall financial environment, $345 million in cash on hand and an undrawn $600 million line of credit mean that CareTrust REIT is “locked and loaded to grow in a meaningful way for the next few...
Merger is ‘best solution’ to Diversified Healthcare Trust’s financial challenges, CEO says
By
Lois A. Bowers
Apr 12, 2023
A merger with Office Properties Income Trust provides Diversified Healthcare Trust with the “best solution” to address several near-term challenges it faces, DHC President and CEO Jennifer Francis...
Healthpeak sees record year for CCRC entrance fees, cash collection, as merger, potential portfolio sale...
By
Lois A. Bowers
Feb 12, 2024
Denver-based Healthpeak Properties saw a record year of entrance fee sales and cash collection in 2023 for its portfolio of 15 continuing care retirement communities, Chief Financial Officer Pete Scott...
Investors predict senior living rent increases of 3 to 7 percent
By
Lois A. Bowers
Jan 02, 2024
Sixty-six percent of respondents to a newly released survey said they expect rental rate increases of 3% to 7% over the next 12 months for active adult, independent living, assisted living and memory care...
Potential pitfalls face pivoting providers
By
Lois A. Bowers
Feb 07, 2023
Robert G. Kramer, founder of aging services think tank Nexus Insights and co-founder, former president and CEO and current senior adviser to the National Investment Center for Seniors Housing & Care, recently...
Diversified Healthcare Trust: Future in ‘substantial doubt’ as stand-alone company
By
Lois A. Bowers
May 10, 2023
“Current conditions raise substantial doubt about our company’s ability to continue as a going concern as a stand-alone company,” Diversified Healthcare Trust President and CEO Jennifer Francis said...
Updated: Brookdale Senior Living makes leadership changes, shares financial expectations
By
Lois A. Bowers
Jan 13, 2023
Brentwood, TN-based Brookdale Senior Living announced several leadership changes Friday morning to “drive improved efficiency and better align our expenses with revenue.”
UPDATED: AlerisLife to be acquired for $44 million
By
Lois A. Bowers
Feb 03, 2023
AlerisLife is being acquired by ABP Acquisition 2 LLC for almost $44 million, AlerisLife said Friday in filings with the Securities and Exchange Commission.
Diversified Healthcare Trust, Office Properties Income Trust call off merger
By
Lois A. Bowers
Sep 01, 2023
Diversified Healthcare Trust and Office Properties Income Trust have called off their planned merger, the companies announced late Friday.
Senior living CEO being remembered as ‘compassionate,’ ‘brilliant’
By
Lois A. Bowers
Jan 03, 2023
Colleagues of senior living CEO Glenn Barclay are remembering him as a “compassionate” and “brilliant” leader. Barclay, CEO of QSL Management, which operates The Blake senior living communities,...