Five Star Senior Living (NYSE: FVE) has officially exited the skilled nursing business as part of a wider plan to shift its focus toward independent living and active adult properties, the company announced on Thursday. The Newton, Mass.-based Five Star announced back in April that it would close or transition skilled nursing units at all […]
Diversified Healthcare Trust
Diversified Healthcare Trust entered into a new management agreement with Utah-based Stellar Senior Living for nine skilled nursing communities, the REIT announced Monday. It also includes one continuing care retirement community which totals 1,152 units in Colorado, Texas and Wyoming within its Senior Housing Operating Portfolio. The deal is part of DHC’s plan to close […]
Persistent skilled nursing headwinds played a role in the decision for Five Star Senior Living (Nasdaq: FVE) to close and repurpose all the health care units in its continuing care retirement communities (CCRCs). “Over the past several years, we have strategically reduced our exposure to skilled nursing, a line of business that has been subject […]
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