Kimberly Lody to depart as Sonida CEO; Brandon Ribar to succeed her
By
Lois A. Bowers
Aug 04, 2022
Kimberly Lody is stepping down as CEO of Dallas-based Sonida Senior Living after holding the position since January 2019, the company announced Thursday morning.
Sonida Senior Living makes first acquisition in 5 years amid ‘a lot of good news’
By
Lois A. Bowers
May 24, 2022
Sonida Senior Living made its first acquisition in almost five years in the first quarter, when the company also experienced “a lot of good news” regarding occupancy and revenue growth, executives...
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,...
Ortelius may offer Capital $70 million in equity rights as alternative to Conversant transaction
By
Kathleen Steele Gaivin
Sep 14, 2021
Ortelius Advisors founder and managing member Peter DeSorcy reportedly has said he is willing to backstop a new equity rights offering of up to $70 million for Capital Senior Living as an alternative to...
Ortelius Advisors moves to block Capital Senior Livings’ $152M million capital raise plan with Conversant...
By
Kathleen Steele Gaivin
Aug 10, 2021
Peter DeSorcy, founder and managing member of Ortelius Advisors, Monday issued a letter to the board of directors of Capital Senior Living, stating that Ortelius intends to block the company’s planned...
Capital Senior Living makes moves to improve financial position
By
Lois A. Bowers
Aug 07, 2020
Capital Senior Living plans to transfer operations and ownership of 18 senior living communities to Fannie Mae, the company announced Thursday. The move follows several steps Capital announced in May “to...
COVID-19 requires ‘significant adjustments’ to operating model, Capital Senior Living says
By
Lois A. Bowers
Apr 01, 2020
Capital Senior Living has made “significant adjustments” to its operating model in response to the COVID-19 pandemic, Chief Operating Officer Brandon Ribar said Tuesday on the company’s fourth-quarter...
Capital Senior Living lost $36 million last year; COVID-19 costs won’t help
By
Amy Novotney
Apr 01, 2020
2019 was a reset year for Dallas-based Capital Senior Living as the company focused on strengthening fundamentals and preparing for long-term success, according to President and CEO Kimberly Lody, who...
Big senior living stories of 2019
By
Lois A. Bowers
Dec 23, 2019
Here’s a look at some of the news that occupied many minds in senior living over the past year.
Fundamentally sound?
By
Lois A. Bowers
Oct 18, 2018
The big picture in seniors housing and care looks good, despite some recent setbacks, according to several experts.