Saturday, August 01, 2026

Five Star no longer exists; we are now part of Sinceri

https://www.mcknightsseniorliving.com/news/sinceri-discovery-tutera-among-operators-assuming-management-of-116-five-star-communities/

"AlerisLife/Five Star was one of the largest senior living community operators in the United States.

In the 2025 ASHA 50 list of largest operators, AlerisLife was listed in eighth place, with 132 properties and a total of 19,056 units as of June 1.

AlerisLife/Five Star also appeared in sixth place on Argentum’s 2025 list of largest senior providers. That list, released in July with data current as of June 30, 2023, reported that AlerisLife/Five Star had 9,836 employees and 19,492 total units across 138 communities, including 10,123 for independent living, 7,539 for assisted living and 1,830 for memory care.

AlerisLife filed a Worker Adjustment and Retraining Notification (WARN) Act notice with the state of Massachusetts on Sept. 3 [2025] indicating that 179 employees would be laid off between Nov. 3 and Dec. 31. In an updated notice filed Sept. 30, the company indicated that the layoffs would take place through March 31, 2026."

Senior Living REITs are hot.


Looking back a 2022 and Five Star/Aleris

"A news-filled 2022

News of the acquisition at the beginning of 2023 comes after a news-filled 2022 for AlerisLife:In January 2022, Five Star Senior Living announced a new name, AlerisLife, for a parent company under which the Five Star name would continue to be used for a senior living management services division and the Ageility name would continue to be used for its rehabilitation / fitness services division. AlerisLife also announced plans to expand into active adult management services and home care and concierge services.

In February 2022, AlerisLife announced that it had closed on a $95 million senior secured term loan to obtain “increased liquidity to use at our discretion and additional flexibility for the coming years as we execute on our strategic business plan,” then-President and CEO Katie Potter said at the time.
In May, AlerisLife announced that Potter had resigned and that Chief Financial Officer Jeff Leer had been appointed to succeed her on an interim basis as the company hired a consulting group to review operations.

Leer’s appointment was made permanent in June as the company announced plans to cut costs and make operational changes to try to increase occupancy. In August, Leer said that AlerisLife would reduce costs by approximately $14 million and invest approximately $4 million under recommendations made by the consulting firm it had hired, to “drive efficiencies and standardize processes that will enable us to better serve our residents and customers and stabilize our financial performance.”
In November, Leer said that continuing progress on the company’s restructuring plan had resulted in occupancy gains in the third quarter that were the largest in recent years.

Also in November, AlerisLife reported that it faced possible delisting by Nasdaq because the bid price for shares of the company’s common stock had closed at less than $1 for the past 30 consecutive business days. The company was given until May 8, 2023, to come into compliance with the minimum bid price continued listing standard.

AlerisLife was No. 6 on the 2022 American Seniors Housing Association’s ASHA 50 list of largest senior living operators, falling from No. 5 in 2021 and No. 4 in 2020. But the company moved from No. 5 in 2021 to No. 4 in 2022 on Argentum’s list of largest operators."

Trump's role in the Fauci downfall

Although I think Fauci is guilty of all they accuse him of, I also believe President Trump put him in power hoping to be the hero of a virus no one understood. Trump was right in the beginning calling it the Wuhan virus, but he appointed the man he thought would be best qualified to control it. He was wrong; his usual good instincts about people failed him and us. Fauci got rid the other advisors who would contradict him.
 
Trump was also the godfather of PPP which was to replace incomes during the shutdowns, which was ripe for fraud and even compromised churches and non-profits. Fauci was then a gift to the Democrats from Trump. Children have lost years of schooling, the elderly died alone, people lost jobs and careers for refusing unsafe "vaccines," and millions of people learned the government should take care of them.

Democrats may be dysfunctional, insane and suckers for falling for Communism, but the Republicans during a crisis were just sloppy and disorganized, terrorized by social media and the traditional media and fractured by their own internal problems.

I also think Fauci should continue to rely on the 5th Amendment. Let that remind us that the "Democratic Socialists" aka Communists, want to dump the Constitution.