The state of Florida plans to revoke the license of a memory care community for not protecting residents from a resident who “had a known history of aggressive sexual behavior” and for providing...
Largest senior living providers in 2017 named by Argentum
By
Lois A. Bowers
Nov 15, 2017
This year’s list features 115 companies with a total of almost 550,000 independent living, assisted living and memory care units.
AlerisLife CEO: Becoming a private company will ‘enhance our focus’ on operations
By
Lois A. Bowers
Feb 06, 2023
AlerisLife, in becoming a private company by being acquired by one of its managing directors, will be better able to focus on its business and mission, AlerisLife President and CEO Jeffrey Leer told employees...
Five Star Senior Living restructuring plan overwhelmingly approved
By
Lois A. Bowers
Jun 12, 2019
An overwhelming 83.9% of Five Star Senior Living shares were voted in favor of a provision key to restructuring the company’s business arrangement with Senior Housing Properties Trust at Five Star’s...
Fair housing group sues 6 communities
By
Lois A. Bowers
Dec 07, 2015
Six senior living communities are being sued by a fair housing council, which alleges that the communities discriminate in their requirements of current and prospective tenants.
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.
Updated: AlerisLife faces possible stock market delisting
By
Lois A. Bowers
Nov 10, 2022
AlerisLife faces possible delisting by Nasdaq because the bid price for shares of the company’s common stock has closed at less than $1 for the past 30 consecutive business days, the company said in...
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.
Five Star CEO says expansions, acquisitions on to-do list
By
Lois A. Bowers
Mar 02, 2016
The day after Five Star Quality Care received a critical letter from two investors, President and CEO Bruce Mackey told those listening to an earnings call that the interests of the company’s board...
‘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...