Profile: Five Star Quality Care Inc (FVE)
4 May 2016
Five Star Quality Care, Inc., incorporated on September 17, 2001, operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents. The Company operates approximately 270 senior living communities located in over 30 states with approximately 31,420 living units, including over 240 primarily independent and assisted living communities with approximately 28,610 living units and over 30 SNFs with approximately 2,800 living units. The Company owns and operates approximately 30 communities (approximately 3,210 living units), it leases and operates over 180 communities (approximately 20,010 living units) and manages over 60 communities (approximately 8,190 living units). The Company's approximately 270 senior living communities include over 10,750 independent living apartments, approximately 15,500 assisted living suites and over 5,160 skilled nursing beds.
Independent Living Communities
The Company's independent living communities provide privacy to residents and require residents to be capable relatively high degrees of independence. An independent living apartment bundles various services as part of a regular monthly charge. Additional services are available from staff employees on a fee for service basis. In some independent living communities, separate parts of the community are dedicated to assisted living or nursing services. It operates approximately 10,750 independent living apartments in over 100 communities.
Assisted Living Communities
The Company's assisted living communities consist of approximately one bedroom units, which include private bathrooms and kitchens. Services bundled within one charge include over 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 available at the community as requested or at regularly scheduled times. It operates approximately 15,500 assisted living suites in over 220 communities.
Skilled Nursing Facilities
The Company's SNFs provide nursing and healthcare services similar to those available in hospitals. Its SNF includes approximately one or two beds per room with a separate bathroom in each room and shared dining facilities. SNFs are staffed by licensed nursing professionals approximately 24 hours per day. It operates approximately 5,160 skilled nursing beds in over 70 communities.
The Company competes with Senior Housing Properties Trust and The RMR Group LLC.
Five Star Quality Care Inc
400 Centre St
NEWTON MA 02458-2094