by Steve Monroe | Nov 9, 2022 10:21 am | Acquisitions
On the surface, it looks like Brookdale Senior Living posted decent results for the third quarter. Weighted average occupancy for the quarter increased by 180 basis points sequentially to 76.4%, and by 390 basis points from the year-ago quarter. RevPar increased by... Read More »
by Steve Monroe | Nov 9, 2022 10:18 am | Acquisitions
Three months ago, we reported that Welltower’s CEO, Shankh Mitra, seemed a little depressed on his second quarter earnings call. He was not happy with his portfolio’s performance. He is a little happier today with the third quarter performance, and so are investors,... Read More »
by Steve Monroe | Nov 9, 2022 10:06 am | 60 Seconds
Well, well, well. Three months ago, after reviewing Welltower’s second quarter earnings call, we questioned how long ProMedica Health’s board would continue to subsidize huge operating losses suffered by its subsidiary, ProMedica Senior Care, under its joint venture... Read More »
by Steve Monroe | Oct 28, 2022 8:52 am | Statistics
Perhaps The Ensign Group should hire Britney Spears to perform at its Holiday party this year, and she can sing, “Oops, I did it again.” Because that is exactly what Ensign did. Another profitable quarter notched in its belt when too many skilled nursing operators... Read More »
by Steve Monroe | Oct 19, 2022 9:10 am | 60 Seconds
I have to admit, I was a bit surprised about the announcement that Brian Jurutka is leaving National Investment Center for Seniors Housing and Care (NIC). I think he was surprised as well. I thought I had a pretty good relationship with him, he was always open and... Read More »