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Senior Health |
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The SeniorCare Investor: Senior Care News in M&A
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The SeniorCare Investor newsletter
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Brookdale Senior Living Soars
Are investors focusing too much on occupancy? That would seem to be the case, as Brookdale Senior Living posted some mixed results, with the end result that its shares soared by more than 26% this morning before settling back a bit. Second quarter occupancy was down 110 basis points from the first quarter, which was the [...]
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New CEO At Sunrise Senior Living
Effective the next annual meeting of shareholders of Sunrise Senior Living, scheduled for this coming November, Sunrise founder and CEO Paul Klaassen will give up his CEO title and become the nonexecutive chairman of the board. Mark Ordan, who joined the company earlier this year as the chief investment and administrative officer, will become the [...]
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The Brookdale Plunge
It was bad enough when Brookdale Senior Living plunged by 23% in June, but it has dropped by another 26% in the first half of July on no real news. It is not alone, however, as both Sunrise Senior Living and Five Star Quality Care have declined by 22% so far this month, and Capital Senior Living has [...]
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Expert Opinion: A Conversation With Jackie Harris
In this Expert Opinion, Senior Living Business editor Jane Zarem talks to Jackie Harris, CEO of Trinity Senior Living Communities about their new model of senior living, called ?Sanctuary.?
You can listen to the interview here by clicking here or read the transcript below.
Jane Zarem
I?m speaking with Jackie Harris, President and CEO of Trinity Senior Living Communities, which [...]
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Plunge In Seniors Housing Stocks Continues
After about the worst month in history for publicly traded seniors housing companies (June), it continued to get worse in the early part of this month. After a 29% drop in price in June, Five Star Quality Care dropped by another 14% by July 8, while Brookdale Senior Living dropped by another 13% by July 7 after [...]
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Expert Opinion: A Conversation With Elsie Norton
Senior Living Business editor Jane Zarem talks with Elsie Norton about ACTS? culture change initiative, the ACTS ?Signature Experience.? You can listen to the interview by clicking here or read the transcript below.
Jane Zarem
I?m speaking with Elsie Norton, Senior Vice President for Quality Care for ACTS Retirement Life Communities, which owns and operates 19 communities in [...]
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Agreement For Haven Healthcare Sale
Formation Capital has announced it signed an agreement to purchase Connecticut-based Haven Healthcare, which has been in Chapter 11 bankruptcy protection since late last year. Genesis HealthCare will manage the 27 facilities on behalf of Formation Capital and Senior Care Development. We understand the price is approximately $85 million. The buyer has a few weeks [...]
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Lawsuit Against Sunrise Dismissed
According to a report by the Washington Post, the lawsuit filed by the former CFO of Sunrise Senior Living, Brad Rush, has been dismissed, but no one is talking about it. It is curious, however, that Sunrise has not filed this information with the SEC, since a $13.5 million lawsuit by a former CFO was deemed [...]
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Capital Senior Living Hires Advisor
Although it has been expected for several weeks, Capital Senior Living formally announced, after the market close today, that a special committee of the Board has hired Banc of America Securities as its financial advisor to assist the committee in actively exploring and considering a range of “strategic alternatives.” Outside shareholders, two of whom are now on [...]
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Haven Healthcare Auction Today
Starting at 10:00 am today, the bidding was to begin for the assets of Haven Healthcare, the Connecticut-based nursing facility chain that filed for bankruptcy protection late last year. The stalking horse bid had been for about $105 million, but we are not sure that was still on the table by bidding time. We actually [...]
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News & Information 
