Argentum releases 2023 lists of largest senior living providers; industry expresses ‘cautious optimism’...
By
Kimberly Bonvissuto
Sep 18, 2023
In a post-COVID world, the senior living industry is “cautiously optimistic” about its future as it experiences significant market changes driven by a combination of demographic shifts, evolving consumer...
Restructuring drives efficiencies, occupancy gains in third quarter, AlerisLife CEO says
By
Kimberly Bonvissuto
Nov 04, 2022
Continuing progress on a restructuring plan to make the company more efficient resulted in occupancy gains that were the largest in recent years in the third quarter, AlerisLife President and CEO Jeff...
DHC: Occupancy improvements continue, but so do operating expense challenges
By
Kimberly Bonvissuto
Nov 04, 2022
Although Diversified Healthcare Trust’s senior housing operating portfolio continues to recover from the effects of the COVID-19 pandemic, the third quarter was challenging for operating expenses, according...
Second-quarter earnings calls continued Thursday with updates from Sabra Health Care REIT, AlerisLife and Diversified Healthcare REIT.
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...
Diversified Healthcare Trust senior living portfolio on path to stabilization: CEO
By
Kimberly Bonvissuto
Aug 05, 2022
Diversified Healthcare Trust’s second-quarter results showed continued and encouraging recovery for the senior living portfolio, President and CEO Jennifer Francis said during Thursday’s earnings call.
Senior living recovery driven by occupancy, rate increases: DHC CEO
By
Kimberly Bonvissuto
Feb 25, 2022
Describing 2020 as a year of defensive measures taken to withstand the effects of the pandemic, Diversified Healthcare Trust President and CEO Jennifer Francis said Thursday that proactive steps taken...
Diversified Healthcare Trust ‘well positioned’ following Five Star community transitions, RMR CEO...
By
Kathleen Steele Gaivin
Nov 18, 2021
Diversified Healthcare Trust is “well positioned to unlock value and improve performance within its senior living portfolio,” RMR Group President and CEO Adam Portnoy said during the company’s third-quarter...