by Steve Monroe | Dec 8, 2022 5:10 pm | Statistics
Last month’s capital raise caused Brookdale Senior Living’s shares to plunge 40%, and now November occupancy is on a downward path as well. Perhaps that is why they needed the new capital, and we are just barely in the flu season. Weighted average occupancy dropped by... Read More »
by Steve Monroe | Dec 8, 2022 4:39 pm | Opinion
Back when Welltower announced its agreement to let health system ProMedica Senior Care off the hook with its leases for 147 nursing facilities, leases that were drowning in red ink for ProMedica, we joked about it because, 1) we had just written that not-for-profit... Read More »
by Steve Monroe | Nov 29, 2022 4:31 pm | Developments
Last month, we raised issues about Sonida Senior Living and its ability to survive through next year without additional capital. Its market cap is low ($86 million), its share price is falling as are its cash balances. G&A expenses have been way too high, but they... Read More »
by Steve Monroe | Nov 18, 2022 9:35 am | Opinion
How do you reduce the value of your company by 40% in 24 hours? Tell investors you are going to raise more capital after you told them in your third quarter earnings call that your liquidity was okay and you had no debt maturities until September 2024. That is what... Read More »
by Steve Monroe | Nov 16, 2022 9:14 am | 60 Seconds
In the November issue of The SeniorCare Investor, we raised the question of how long Sonida Senior Living could go with its cash burn rate. Well, the burn rate has decreased, which is good, but they are still not out of the woods. In a case of one step forward, two... Read More »