Profile: Five Star Senior Living Inc (FVE.A)
17 Nov 2017
Five Star Senior Living Inc., formerly 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’s segments include senior living communities and rehabilitation and wellness.
In the senior living communities segment, the Company operates for its own account or manage for the account of others independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents. In the rehabilitation and wellness segment, the Company provides services in the inpatient setting and in outpatient clinics. All of its operations are located within the United States, except for the operations of its Cayman Islands organized captive insurance company subsidiary, which participates in its workers’ compensation and professional and general liability insurance programs. As of December 31, 2016, the Company operated 283 senior living communities located in 32 states with 31,830 living units, including 253 primarily independent and assisted living communities with 29,229 living units and 30 SNFs with 2,601 living units.
As of December 31, 2016, the Company owned and operated 26 communities (2,703 living units), leased and operated 189 communities (20,339 living units) and managed 68 communities (8,788 living units). As of December 31, 2016, its 283 senior living communities included 10,772 independent living apartments, 16,179 assisted living suites and 4,879 skilled nursing beds. As of December 31, 2016, the Company leased from Senior Housing Properties Trust or its subsidiaries (SNH), 185 senior living communities pursuant to five long term leases and managed 68 senior living communities for the account of SNH pursuant to long term management agreements. Its properties combine more than one type of service in a single building or campus. As of December 31, 2016, the Company’s operations included 10,772 independent living apartments in 95 communities. Assisted living communities includes one bedroom units which include private bathrooms and kitchens. The Company also provides Alzheimer or memory care services at its assisted living communities. As of December 31, 2016, the Company’s operations included 16,179 assisted living suites in 228 communities. Its SNFs provide nursing and healthcare services. As of December 31, 2016, the Company’s operations included 4,879 skilled nursing beds in 70 communities.
Five Star Senior Living Inc
400 Centre St
NEWTON MA 02458-2094