Sunrise Senior Living
The Assisted Living Federation of America is implementing substantial changes, including a new name, board chairwoman Brenda J. Bacon announced in a letter Tuesday.
Sunrise Senior Living has promoted Chris Winkle to its top executive post. The firm's former COO replaces Penny McIntyre, who had been on the job for less than six months.
A state law to protect nursing home residents cannot be invoked to bring a suit against an assisted living provider, a federal judge recently ruled, reversing his earlier decision.
The Internet has given consumers a voice. Sharing with one another online, they visit and revisit online sources when making decisions. The places where their searches intersect with information they want are known as the Zero Moment of Truth (ZMOT). Online reviews are one such place.
Stability was a theme of 2012, at least among the biggest players in the senior living sector. The Assisted Living Federation of America recently released its annual list of the largest providers by total resident capacity, and the top 12 positions remained the same as in 2011.
Ventas Inc. anticipates $386 million in 2012 net operating income after management fees from its private-pay senior housing communities managed by Atria Senior Living Inc. and Sunrise Senior Living Inc.
National HealthCare Corp is buying six nursing homes from landlord National Health Investors for $21 million, the company announced.
Sunrise Senior Living turnaround chief plots new course as company and its acquirer record positive 3rd quarter resultsNovember 12, 2012
Mark Ordan, the CEO who has directed Sunrise Senior Living's recovery from near bankruptcy in 2009, will remain as CEO of the company for up to a year after the close of the company's sale to Health Care REIT.
Health Care REIT announced Tuesday that the value of its deal to purchase Sunrise Senior Living is no longer $1.9 billion, as announced last month. It's risen to $3.2 billion, thanks to value added by joint-venture acquisitions the two companies have agreed to.
Brookdale Senior Living leaped ahead of Emeritus Senior Living to become the largest senior living operator in 2012, according to the Assisted Living Federation of America.
Shares of major skilled nursing facility operator stocks took a nosedive Monday morning following Friday's announcement that the Centers for Medicare & Medicaid Services are cutting Medicare reimbursements to SNFs by 11.1%, starting Oct. 1. Operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value on Monday, according to published reports.
A federal appeals court in Louisville has upheld a $101 million damages award in favor of the real estate investment trust Ventas in its lawsuit against HCP Inc.
The real estate investment trust Ventas Inc. said Monday that it has completed the acquisition of 58 private-pay senior living communities from Sunrise Senior Living Inc.
Sunrise Senior Living Inc. returned to the black in the third quarter with net income of about $19 million. That compares to a loss of $44 million in the same period last year.