Profile: Five Star Quality Care Inc (FVE)
27 Apr 2015
Five Star Quality Care, Inc. (Five Star), incorporated on September 17, 2001, operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). As of December 31, 2013, the Company operated 255 senior living communities located in 31 states containing 30,023 living units, including 224 primarily independent and assisted living communities with 27,201 living units and 31 SNFs with 2,822 living units. As of December 31, 2013, the Company owned and operated 30 communities (2,946 living units), it leased and operated 181 communities (20,026 living units) and it managed 44 communities (7,051 living units). Its 255 senior living communities included 10,368 independent living apartments, 14,399 assisted living suites and 5,256 skilled nursing units. As of December 31, 2013, 48 living units of an assisted living community that has been temporarily closed for a renovation, one assisted living community with 32 living units that it owns is classified as a discontinued operation; and six SNFs and four assisted living communities with a total of 712 living units that are leased by them from SNH are classified as discontinued operations.
Independent Living Communities
Independent living communities provide privacy to residents and require residents to be capable of independence. An independent living apartment usually bundles several services as part of a regular monthly charge. In addition, services are available from staff employees on a fee for service basis. As of December 31, 2013, its business included 10,368 independent living apartments in 86 communities that it operated or managed.
Assisted Living Communities
Assisted living communities consist of one bedroom units which include private bathrooms and kitchens. Services bundled within one charge usually include three meals per day in a central dining room, daily housekeeping, laundry, medical reminders and around the clock availability of assistance with the activities of daily living such as dressing and bathing. Professional nursing and healthcare services are usually available at the community as requested or at regularly scheduled times. As of December 31, 2013, its business included 14,399 assisted living suites in 199 communities that it operated or managed.
Skilled Nursing Facilities
SNFs provide nursing and healthcare services similar to those available in hospitals. A purpose built SNF includes one or two beds per room with a separate bathroom in each room and shared dining facilities. SNFs are staffed by licensed nursing professionals 24 hours per day. As of December 31, 2013, its business included 5,256 skilled nursing units in 72 communities.
Five Star Quality Care Inc
400 Centre St
NEWTON MA 02458-2094