by Steve Monroe | Aug 17, 2022 9:18 am | Acquisitions
Chartwell Retirement Residences, the largest Canadian seniors housing company, has agreed to sell two of its long-term care facilities for C$112 million, or C$424,000 per bed (or US$331,000 per bed). Net proceeds to Chartwell are expected to be C$56.8 million after... Read More »
by Steve Monroe | Aug 15, 2022 11:13 am | Opinion
We are truly glad to see that Sonida Senior Living (formerly Capital Senior Living) is seeing improvements in census, contract labor use, rates and revenues. We are sure outgoing CEO Kim Lody wanted to leave with some upbeat news. Census (84% at quarter end) is now... Read More »
by Steve Monroe | Aug 10, 2022 8:46 am | 60 Seconds
Brookdale Has Great Start To Third Quarter Nearly two years ago, we wrote that the first half of every year was a census downer for the industry, but that the third quarter was always a winner. We are making history, or better said, you are making history. The first... Read More »
by Steve Monroe | Aug 3, 2022 8:55 am | 60 Seconds
I opened my email yesterday and a good industry friend sent me The Ensign Group’s second quarter earnings results with the question, Scam? I can understand his disbelief, as I have also thought there may be some monkey business with the company and its superior... Read More »
by Steve Monroe | Jul 27, 2022 8:46 am | 60 Seconds
I know we live in a litigious country, and public companies have their teams of lawyers and PR consultants to protect them, telling them to disclose a minimum amount of information. But don’t you think it is time for some straight talk? I do. We are coming out of the... Read More »