Five Star Books $74.1M Loss in 2018 as Viability Concerns Remain

Five Star Senior Living (Nasdaq: FVE) reported net losses for both the fourth quarter and fiscal 2018 amid uncertainty about its ability to continue as a going concern. The losses came even as Five Star reported a slight uptick in occupancy in its service lines. The Newton, Mass.-based company operated 284 senior living communities in […]

After Year of Struggles, Five Star Installs New CEO

Five Star Senior Living (Nasdaq: FVE) president and CEO Bruce Mackey is stepping down at the end of December, the Newton, Mass.-based provider announced Tuesday. Katherine Potter, who currently serves as Five Star’s executive vice president and general counsel, will assume the roles of president and CEO effective New Year’s Day. Potter first joined Five Star in 2012; […]

Five Star Must Make Changes to Survive After Losing $50.4M in ’18

Five Star Senior Living (Nasdaq: FVE) raised concerns Wednesday about its ongoing viability after reporting losses of $50.4 million so far in 2018. “Five Star faces challenges that are currently negatively impacting its revenues, expenses, cash flows and results from operations, and Five Star expects these challenges to continue at least through 2019,” the Newton, […]

Five Star Mulls Future of Some Skilled Units As Occupancy Struggles

Five Star Senior Living (Nasdaq: FVE) is evaluating the future of some skilled nursing units at certain continuing care retirement communities (CCRCs), amid a decline in the product type’s occupancy and revenue. Occupancy at the the Newton, Massachusetts-based operator’s owned and leased senior living communities was 81.4% for the second quarter of 2018, a 170 […]

Five Star’s Skilled Nursing Business Continues to Struggle, Occupancy Tumbles

Five Star Senior Living’s (NYSE: FVE) standalone skilled nursing assets continued to cause headaches for the provider, which saw occupancy and revenues again take a tumble in the first quarter of 2018. Occupancy at the Newton, Mass.-based Five Star’s standalone skilled nursing facilities dropped to 75.7%, or 410 basis points lower than at the same […]

Five Star’s Skilled Nursing Revenue Takes Hit in Q4

Skilled nursing occupancy troubles hit Five Star Senior Living (Nasdaq: FVE) in the fourth quarter, bruising the company’s earnings. The Newton, Mass.-based senior living operator saw a $2.7 million decrease in skilled nursing revenue, mostly from its leased standalone skilled nursing facilities. Occupancy at the leased SNFs dropped to 78%, down 220 basis points from the […]

How a Bad Flu Season Can Affect Skilled Nursing Admissions, Staffing

For the first time in more than a decade, the U.S. Centers for Disease Control and Prevention (CDC) is reporting widespread cases of the flu in 49 states — and the historic bug could have an effect on nursing providers’ bottom lines. In fact, in the 13 years that the CDC has been conducting surveillance […]

In the Pipeline: FutureCare Building $30 Million Rehab Center in Maryland

Construction: In progress Work Underway for $30 Million Rehab Facility in Maryland Construction is moving along for a new FutureCare Health and Management rehab center in Landover, Md. The $30 million center will have 82 private and 34 semi-private rooms as well as perks and services such as a spa, salon, dialysis, ventilator unit, library, a media […]

Five Star Sees Opportunity in Rehab Services

It’s no secret that Five Star Senior Living (Nasdaq: FVE) is in a bit of a slump right now, and that’s especially evident in its ongoing battle with sagging occupancy rates. But one place where things look brighter for the company is its rehab and wellness services. In July, Five Star formally unveiled its full plan to expand […]

Five Star Renames Rehab Division, Plans to Expand Outpatient Care

In a move that harkens back to its more clinical roots, Five Star Senior Living Inc. (Nasdaq: FVE) has laid the groundwork to expand its rehabilitation services beyond the walls of its own communities. The Newton, Mass.-based skilled nursing and senior living provider has rebranded its rehabilitation and wellness division as Ageility Physical Therapy Solutions—a […]

In the Pipeline: New SNF Construction in Ohio, Tenn.

Construction: Planned $20 Million Retirement Home Planned in Nebraska Vetter Health Services plans to build a $20 million retirement home in Kearney, Neb., reports the Kearney Hub, a local news site. The campus, dubbed Brookestone Gardens Retirement Campus, will house a 60-bed skilled nursing facility and 40 assisted-living apartments. Brookstone Gardens is currently scheduled to open in 2018. […]