Pennant ‘very selective’ in ‘frothy’ senior living market, CEO says on first-ever earnings call
By
Lois A. Bowers
Nov 14, 2019
When it comes to acquisitions in senior living, the new Pennant Group is being ”very selective in a very, very frothy market,” President and CEO Danny Walker said Wednesday on the holding company’s...
Not so sure about that ‘silver wave’
By
Lois A. Bowers
Nov 11, 2019
Yes, the aging of the baby boomers may result in a “silver wave” of residents moving into senior living communities, but one investor is urging caution. And independent living “may be left out to...
Five Star CEO: Restructuring on track to close Jan. 1
By
Lois A. Bowers
Nov 07, 2019
The transaction to restructure Five Star Senior Living’s business relationship with Senior Housing Properties Trust remains on track to close on Jan. 1, Five Star CEO Katie Potter said Wednesday. In...
Omega, Maplewood looking for ‘next big opportunity’ in urban senior living
By
Lois A. Bowers
Nov 07, 2019
With the Inspir Carnegie Hill assisted living and memory care community expected to open early next year in Manhattan, Omega Healthcare Investors and Maplewood Senior Living are “actively looking for...
Allergan subsidiary settles Alzheimer’s drug lawsuit for $750 million
By
Lois A. Bowers
Oct 31, 2019
Subsidiaries of pharmaceutical company Allergan will pay $750 million to resolve a class action lawsuit from a group of direct purchasers of Alzheimer’s drug Namenda (memantine).
Geriatric workforce issues focus of two bills passed by the House
By
Lois A. Bowers
Oct 29, 2019
Bills that would reauthorize the Older Americans Act and improve improve education and training in geriatrics passed in the House of Representatives on Monday. They now move to the Senate for consideration.
Ventas plans aggressive pricing, dispositions, investments to rebound from poor third-quarter performance
By
Lois A. Bowers
Oct 28, 2019
Companies in the Ventas senior housing operating portfolio will pursue aggressive pricing plans to increase occupancy, and the real estate investment trust will consider selling some assets and investing...
Senior housing complex sued for allegedly denying residency to those who weren’t Chinese
By
Lois A. Bowers
Oct 25, 2019
An affordable senior housing complex in Arizona is facing a lawsuit for allegedly telling prospective residents who were white or black that they most likely would not be approved for move-in because they...
Bill would change adverse incident reporting requirements
By
Lois A. Bowers
Oct 24, 2019
A new bill in Florida that would change the way assisted living communities report so-called adverse incidents is being described by one lay media outlet as “anti-consumer,” but the legislator behind...
Mather LifeWays unveils new name, logo, tagline as part of rebranding initiative
Oct 22, 2019
Evanston, IL-based Mather LifeWays has changed its name to Mather and unveiled a new logo and tagline as part of a rebranding initiative announced Monday.