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...
Five Star to sell 6 communities but keep managing them
By
Lois A. Bowers
Nov 10, 2017
Five Star Senior Living will sell six senior living communities to Senior Housing Properties Trust for $104 million, Five Star President and CEO Bruce Mackey told those participating in a Thursday third-quarter...
Five Star finances raise doubts about future, CEO says
By
Lois A. Bowers
Nov 14, 2018
BREAKING NEWS — Five Star Senior Living’s financial situation raises “substantial doubt on our ability to continue as a going concern,” CEO Bruce Mackey said Wednesday morning during the company’s...
9 tips for effective arbitration agreements
By
Lois A. Bowers
May 08, 2017
Attorneys working in senior living discuss the benefits of pre-dispute arbitration agreements and share tips for operators creating or reworking theirs.
Five Star considers selling communities to address financial woes
By
Lois A. Bowers
Nov 15, 2018
Five Star Senior Living may sell some of its senior living communities or repurpose units within communities to help solve financial issues that cast “substantial doubt on our ability to continue as...
Senior Housing Properties Trust on track to sell $900 million in assets by end of year, president says
By
Lois A. Bowers
Nov 08, 2019
Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer...
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.
Senior living operators share secrets to finding, keeping executive directors
By
Lois A. Bowers
Aug 02, 2017
Leaders of Capital Senior Living and Five Star Senior Living used their second-quarter earnings calls this week in part to discuss their companies’ approaches to recruiting and retaining executive...
Five Star agreement is ‘best possible solution’ to financial issues, SNH says
By
Lois A. Bowers
Apr 03, 2019
A new agreement between Five Star Senior Living and Senior Housing Properties Trust (SNH) that converts 261 communities from triple-net leases to a RIDEA structure and gives the real estate investment...
76 more assisted living directors obtain credential
Jul 31, 2017
Seventy-six additional senior living professionals have earned the certified director of assisted living, or CDAL, credential, the Senior Living Certification Commission announced Monday.