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...
New name, existing programs for Five Star, executives say
By
Lois A. Bowers
Mar 05, 2017
A new name and established programs will carry Five Star Senior Living through 2017, executives told shareholders, analysts and others participating in an earnings call on Friday.
Five Star, Diversified Healthcare adopt ‘slow and steady’ response to pandemic
By
Kimberly Bonvissuto
Nov 06, 2020
Expense pressures on the senior living industry due to the COVID-19 pandemic are expected to persist in the near term, creating operational headwinds, but a slow and steady response to the crisis will...
AlerisLife looks to expand business lines in new year: CEO
By
Kimberly Bonvissuto
Feb 25, 2022
Ringing in the new year with a new name, AlerisLife marked the fourth quarter of 2021 and first quarter of 2022 with new collaborations and partnerships that executives said were aimed at enhancing the...
Big senior living stories of 2021
By
Lois A. Bowers
Dec 22, 2021
2021 began with the hope that the new COVID-19 vaccine being rolled out to assisted living communities and nursing homes would help control a pandemic that had caused so much illness, death, loneliness,...
SNH: Five Star initiatives will address CCRC challenges
By
Lois A. Bowers
Mar 01, 2018
Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs “heavily influenced” a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT’s...
First-quarter earnings calls continued Wednesday with updates from Aleris Senior Living, CVS Health (parent of Omnicare), Diversified Healthcare Trust and Healthpeak Properties.
Labor, rate pressures challenge recovery of senior living industry
By
Kimberly Bonvissuto
Nov 05, 2021
The recovery of the senior living industry will continue to be uneven in the face of a challenging labor market and wage pressures, as well as competition driving rates down, according to industry experts.
Diversified Health Care Trust, AlerisLife report fourth-quarter earnings
By
Kathleen Steele Gaivin
Feb 25, 2022
Real estate investment trust Diversified HealthcareTrust and provider AlerisLife, formerly known as Five Star Senior Living, held their fourth-quarter and year-end 2021 earnings calls on Thursday.
Demographics, changing consumers lead former Five Star, now AlerisLife, to expand into active adult,...
By
Kimberly Bonvissuto
Jan 27, 2022
An aging demographic and changing consumer demand have led one of the country’s largest senior living companies to pivot from its primary role as an owner and operator of independent living, assisted...