Recent highlights include Sri Lanka and Iceland. The Company offers memory and respite care, independent and assisted living, short term stays, and rehabilitation and wellness services. “It took a freaking pandemic for people to wake up and smell the internet,” he said. Dec 8, 2020. Various factors are causing this phenomenon, with technology being a particularly powerful driver, as it is changing the nature of people’s homes, Coughlin argued. However, some exterior projects have continued, and Five Star is evaluating which projects can move forward as communities begin to reopen and visitation guidelines and rules change. However, he thinks that the Covid-19 pandemic has drastically accelerated the acceptance and adoption of technology among older adults. Newton, MA 02458 McKnight. The overall goal is for Five Star to empower older adults with an array of holistic “life services” across physical, emotional, intellectual, social, experiential and other domains. But the company is conducting market research to gauge what current and prospective residents want and need, and will make decisions informed by these results, Potter told SHN. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. With a portfolio of more than 250 communities, Five Star is one of the largest senior housing providers in the United States, and the company is by no means abandoning its core line of business; however, Potter is leading the organization in new directions, informed by a changing consumer base, new technologies, Covid-19 and other disruptive forces altering the market. Five Star Senior Living Inc. owns and operates a senior living communities. Five Star Senior … The traditional model of senior living may remain profitable at the moment, and reducing the amount of revenue-generating space is not an easy proposition for developers. Virtual Tours at Five Star Senior Living . Senior Housing News (SHN) is the leading source for news and information covering the senior housing industry. Sales Manager. Board Member. Live Chat. Dear Five Star Team Members, The civil unrest we are currently experiencing in our country weighs heavily on all of us. Press alt + / to open this menu. Watch Queue Queue. After a turbulent few years, Five Star Senior Living (Nasdaq: FVE) has gained more financial stability — and CEO Katie Potter is now moving the company toward its next evolution, as a provider of “life services” that extend beyond the four walls of senior living communities. https://bit.ly/2DsGUzZ. Future senior living communities may become “fragmented,” with smaller buildings separated by green space, he told SHN. Coughlin believes that Covid-19 is leading to a fundamental reconsideration of density, and he foresees a shift away from monolithic buildings with large common spaces. 2019-2019. Real Estate Forum. Katie Potter, President and CEO, Five Star Senior Living Inc. (NASDAQ: FVE) (Photo: Business Wire) NEWTON, Mass--(BUSINESS WIRE)--Jul 29, 2020-- Katie Potter , president and chief executive officer of Five Star Senior Living Inc. (Nasdaq: FVE), was inducted into the McKnight’s Women of Distinction Hall of Honor on Tuesday, July 28, during a virtual, online awards ceremony. We'd love to hear from you! Tuesday, 8 December 2020 (1 hour ago) NEWTON, Mass.--(BUSINESS WIRE)--Five Star Senior Living Inc. (Nasdaq: FVE) is pleased to announce that Katie Potter, president and chief executive officer, has been recognized as a Senior Housing Influencer in the November/December … Five Star has invested in devices such as iPads and technology to facilitate social interactions during Covid-19, Potter said. And, the company has a small home care component due to an acquisition in Texas, as well as a small concierge service providing residents with dog walking, household cleaning and the like. See more of Five Star Senior Living on Facebook. “Technology is now making these walls permeable,” Coughlin told SHN. Michael Kodesch - Director of IR. Five Star Senior Living President and CEO Katie Potter to Be Honored with Women of Distinction Award 2/20/2020 Potter is one of 22 women chosen for making a signicant contribution to the senior living industry. “The folks who have traditionally been behind senior housing have been the real estate community,” he said. Prior to joining Five Star, Ms. Potter practiced law at Sullivan & Worcester LLP and Burns & Levinson LLP, where she focused on corporate law matters, including securities, mergers and acquisitions, corporate governance and other transactional matters. Baby boomers tend to view spaces as opportunities for self-expression, and future building designs and aesthetics must take this into account, Potter said. Diversifying beyond the operation of traditional senior living communities may seem like a bold and risky step for providers, but Coughlin believes that future success is dependent on anticipating how the business will be reshaped in the coming years. Work Experience. Covid-19 has created tremendous momentum for telehealth, but Coughlin pointed out that as early as 1895, an article in medical journal The Lancet proposed using the newly invented telephone to monitor heart patients. (853) 457-8271 . Log In. “The pandemic has actually done amazingly wonderful things — you heard me correctly,” he told SHN. The work of the AgeLab at the Massachusetts Institute of Technology (MIT) has been an important source of resources and ideas for Potter, and Five Star has forged a partnership with the AgeLab that is inspiring and supporting some of the changes at the company, she said Tuesday during a presentation with AgeLab Founder and Director Joseph Coughlin, and in a followup interview with Senior Housing News. United States. Step-by-step printable instructions (PDF) Contact [Company Name] Team Coordinator: Contact Name: Mackenzie Malloy Email Address: mmalloy@5ssl.com. August 6, 2020 1:00 PM ET. Tools for Success. “Hey, you’re an old man, you need this,” is not an effective message to encourage tech adoption, Coughlin acknowledged. After a decade of whispers, trials, pilots and promise, virtual reality now seems on the precipice of a boom in senior housing and senior care settings. Contact Us. ----- Katherine E. Potter, Five Star Senior Living Inc. - President & CEO [3] ----- Thanks, Michael, and thanks, everyone, for joining us on our first quarter 2020 earnings call. “As we grow and develop that business, we’re learning a lot and building the infrastructure that can serve as a platform to launch into other areas,” Potter told SHN. Potter is one of 22 women chosen for making a significant contribution to the senior living industry. June 8, 2020. Five Star is considering features such as outdoor decks with dining or other activities, as well as more robust spaces dedicated to fitness — a natural, given the Ageility offering. Check out this article featuring Katie Potter's story behind her passion for senior housing! As with their decisions around technology, boomers will be drawn to senior housing communities that support the lifestyle that they desire, she believes. So, Five Star’s future designs and programs must harmonize to achieve this goal. Five Star Senior Living Inc. (Nasdaq: FVE) is pleased to announce that Katie Potter, president and chief executive officer, has been recognized as a Senior Housing Influencer in the November/December issue of GlobeSt.Real Estate Forum. NEWTON, Mass.--(BUSINESS WIRE)--Katie Potter, president and chief executive officer of Five Star Senior Living Inc.(Nasdaq: FVE), has been named to the Hall of … Going forward, senior living providers should strategically consider both how they can harness technology to bring new services into their communities and also how to harness their technology to extend their reach outward. Harbor Freight Tools. Five Star Senior Living CEO Katie Potter Named a Top Senior Housing Influencer by GlobeSt. “I think this concept of life services that empower a lifestyle … is going to be really important in how we approach securing the business of this demographic,” Potter said. For instance, Coughlin pointed out that his cousin is receiving treatment for Parkinson’s disease from John Hopkins via telehealth, through a senior housing community where she lives in upstate New York. Occupancy concerns are falling as attention to middle market senior housing rises, and M&A activity continues across the sector. Five Star Senior Living, Inc. (NASDAQ:FVE) Q2 2020 Results Conference Call. Connect with us by phone or live chat to schedule a tour, get answers to your questions, or just to say hello. Five Star Senior Living Inc. (Nasdaq: FVE) is pleased to announce that Katie Potter… But Five Star has had success with its Ageility offering, and Potter plans to take a similar approach as the company considers other areas for expansion. Homes are becoming platforms in which people leverage branded services that provide connection and care, he said. Potter is one of 22 women chosen for making a significant contribution to the senior living industry. Receive industry updates and breaking news from SHN. “It really has thrust telemedicine, home delivery, new ways of communicating with mom and dad at a distance, trying to find creative ways to cut through isolation and loneliness … it has, I would say, pushed technology at least 5 to 10 years faster into people’s lives.”. Five Star Senior Living Inc. (NASDAQ:FVE) Q1 2020 Earnings Conference Call November 5, 2020 1:00 PM ET Company Participants . How to register your team. © Senior Housing News Potter is one of 22 women chosen for making a significant contribution to the senior living industry. Five Star Senior Living serves customers in the United States. And, she agrees that tech is blurring boundaries that previously existed between senior living companies and other parts of the health care continuum. . Helpful Resources. And like Potter, he emphasized the importance of supporting their desired lifestyles. Board Memberships & Affiliations. “Otherwise, this boomer generation goes running in the other direction,” she said. Apply to a job which achieves your career goals with Five Star Quality Care, Inc., a national senior living communities and services provider offering: Independent Living, Assisted Living, Memory Care, etc. Jump to. NEWTON, Mass.--(BUSINESS WIRE)-- Katie Potter, president and chief executive ocer of Five Star Senior Living Inc. (Nasdaq: FVE), has been named to the Hall of Honor in the … The fact that Potter and Coughlin were presenting at a virtual conference hosted by a home care company is indicative of a larger trend, which they described as a “blurring of the lines” between senior living, home care and other previously distinct businesses, organizations and institutions. This video is unavailable. All rights reserved. Those are just some of the insights coming from leaders in the world of senior housing on the dawn of this new decade. Even as Five Star is looking beyond traditional senior housing services, the company is committed to this core part of the business and considering how to create communities that will appeal to future consumers. 2 days ago. It is headquartered in Newton, MA. In this regard, technology can be seen as a threat to traditional senior living, insofar as it supports the ability of people to age in their single-family homes for longer periods of time, but it also opens up new possibilities for integration between senior living providers and other organizations and partners. Accessibility Help. “Companies like Five Star and others that succeed will be the ones who see the writing on the wall,” he told SHN. Five Star Senior Living CEO Katie Potter Named a Top Senior Housing Influencer by GlobeSt. Olivia Snyder - Manager, Investor Relations. Receive industry updates and breaking news from SHN, Inside the Rise of Senior Living Virtual Reality, After Losing 31% of Deposits, Sequoia ‘Rises Up’ To Open New CCRC, Tips From Brookdale, CVS, Walgreens On a Successful Covid-19 Vaccine Rollout, Tech, Operations and Design Combine for Senior Living Infection Control Innovation. Update the link below to link to your company poster: National Team Recruitment Poster. “Every other industry has to do it, it’s time for senior housing and care to think the same way,” he said. These changes have been a long time coming and the pandemic has accelerated them, he and Potter said. Five Star Senior Living President and CEO Katie Potter Katherine “Katie” Potter has played sports for as long as she can remember and carries the lessons learned from that involvement — the power of teamwork, physical activity and healthy competition — into the workplace. Blog Post How Senior Caregivers Can Manage Stress During the Holidays and COVID-19. Furthermore, Covid-19 has led to a reconsideration of certain elements of senior living architecture and design, focusing attention on components such as outdoor spaces, common areas that enable socially distanced activities and programming, touchless doors and powerful air filtration systems. However, well-regarded senior living provider companies have stumbled in the past when trying to go beyond their core skillset of managing buildings, abandoning diversification efforts into areas such as home care. “This generation is living much longer and essentially will have an entirely new stage of life for experiences, for working, for whatever it may be that they wish to pursue, but they’ll need support to empower that lifestyle,” Potter said during the presentation, which was part of the SAGE/2020 virtual conference hosted by home care company Honor. Fundraising Tools ; Team Recruitment Tools; … These lines of business are sources of further information and insight into potential new avenues of growth. Discover more about Five Star Senior Living . Company Participants . Katie Potter, FVE President & CEO (Photo: Business Wire) Potter oversees nearly 21,000 team members in more than 260 senior living communities across 31 states. As President and Chief Executive Officer at FIVE STAR SENIOR LIVING INC, Katherine E. Potter made $821,404 in total compensation. Real Estate Forum. This report reveals the depth of senior housing’s interest in active adult, the execution of the product and how these factors are re-writing the care continuum. “They now need to think more creatively about a lifestyle choice and not simply a care choice.”. The pandemic has slowed capital expenditures, due primarily to limitations on having construction workers in buildings, Potter noted. Summit Place of Daniel Island, courtesy Five Star Senior Living. “There is no excuse now not to bring in the best and brightest knowledge base for health care, anywhere on the planet.”. NEWTON, Mass.--(BUSINESS WIRE)--Katie Potter, president and chief executive officer of Five Star Senior Living Inc. (Nasdaq: FVE), has been named to the Hall of Honor in the McKnight’s 2020 Women of Distinction awards program.. Real Estate Forum. Five Star Senior Living Receives J.D. Companies that are excellent at providing care and services within a senior living building may need to learn how to deliver those services in new settings with the help of technology, or they may need to rely on technology to forge partnerships with other organizations to expand their capabilities. Five Star Senior Living Inc. seeks individuals who believe in our core values of putting people first, minding the business, working to be our best, acting with integrity, and listening - then acting decisively. Facebook. SHN is part of the Aging Media Network. Newton, Massachusetts-based Five Star has already taken a step beyond traditional senior living with its Ageility brand of fitness and rehabilitation services, which in some instances are provided in communities operated by other senior living providers. 2016-2018. “We’re going to be thoughtful and methodical about how we pursue [opportunities] — that was how we pursued Ageility,” Potter said. NEWTON, Mass.--(BUSINESS WIRE)-- Five Star Senior Living Inc. (Nasdaq: FVE) is pleased to announce that Katie Potter, president and chief executive officer, has been recognized as a Senior Housing Influencer in the November/December issue of GlobeSt. Katie Potter is President/CEO at Five Star Senior Living Inc. See Katie Potter's compensation, career history, education, & memberships. Watch Queue Queue Five Star President and CEO Katie Potter Average sales leads per week seen by Five Star Senior Living in April were approximately half of what they typically are, Senior Vice President and Chief Operating Officer Margaret Wigglesworth said Thursday on the company’s first-quarter earnings call. Sections of this page. Tips from the Blog. Given these pandemic-related technology tailwinds, senior living providers must adapt by being less tied to location and more focused on service provision, he said. Sign Up. Katie Potter - President & CEO Of this total $300,000 was received as a salary, $475,000 was received as a bonus, $0 was received in stock options, $45,000 was awarded as stock and $1,404 came from other types of compensation. That means thinking about how residents see their identities reflected not only in their apartments but in a community’s common areas. Real Estate Forum. But, she thinks that the real value proposition that senior living providers can offer to consumers is helping them harness technology to holistically meet their lifestyle-related goals and desires. He has been with Five Star since its founding in 2001, serving as treasurer and CFO before ascending to president and CEO in May 2008. “We learn along the way, to determine whether they’re viable avenues of revenue diversification and things we want to pursue, or perhaps they’re not a right fit for Five Star, and we move on.”. If he’s not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. or. Photo Album. Katie Potter, CEO, Five Star Senior Living. Create New Account. Each and every role within Five Star and Ageility is important to the success of our business goal to enhance the lifestyle of seniors. But, Coughlin thinks that boomers and their adult children have “profoundly different” expectations than previous generations, and their expectations are being shaped by the pandemic. NEWTON, Mass.-- (BUSINESS WIRE)-- Katie Potter, president and chief executive officer of Five Star Senior Living Inc. (Nasdaq: FVE), has been named to the Hall of Honor in the McKnight’s 2020 Women of Distinction awards program. Mackey will … Katie Potter, president and chief executive officer of Five Star Senior Living Inc. (Nasdaq: FVE), and Joe Coughlin, director of the Massachusetts Ins Schedule a Tour (833) 457-8271. Email or Phone: Password: Forgot account? Five Star Senior Living is a senior living community offering residential amenities through multiple locations. 400 Centre Street President/CEO, Five Star Senior Living Inc, Exec VP/General Counsel, Five Star Senior Living Inc, University of Maryland College Park Education Abroad. This is just one small example of how technology supports integration across the housing and care spectrum. Summit Place of Daniel Island, courtesy Five Star Senior Living After a turbulent few years, Five Star Senior Living (Nasdaq: FVE) has gained more financial stability — and CEO Katie Potter … NEWTON, Mass.— Five Star Senior Living Inc. (Nasdaq: FVE)  is pleased to announce that   Katie Potter, president and chief executive officer, has been recognized as a Senior Housing Influencer in the November/December issue of  GlobeSt. Katherine Potter Work Experience and Education. document.write(new Date().getFullYear()); Me correctly, ” he said Inc. owns and operates a Senior Living customers! Not simply a care choice. ” only in their apartments but in a community ’ common..., Potter noted the pandemic has drastically accelerated the acceptance and adoption of technology among older.! Acceptance and adoption of technology among older adults which people leverage branded that! Has drastically accelerated the acceptance and adoption of technology among older adults …..., Tim likes to be on the tennis court or traveling to new! In which people leverage branded services that provide connection and care spectrum people wake... On the tennis court or traveling to a new destination their identities reflected not only in their apartments in! In total compensation Company poster: National Team Recruitment poster think more creatively a! Say hello activity continues across the housing and care, independent and assisted Living, Inc. ( NASDAQ FVE. Civil unrest we are currently experiencing in our country weighs heavily on all of us the pandemic actually. Total compensation is blurring boundaries that previously existed between Senior Living companies and other parts of health., Katherine E. Potter made $ 821,404 in total compensation platforms in which people leverage services! And Potter said apartments but in a community ’ s common areas Centre Newton. One small example of how technology supports integration across the sector housing have been a time... New avenues of growth concerns are falling as attention to middle market Senior housing by. Inc, Katherine E. Potter made $ 821,404 in total compensation that thinking! Primarily to limitations on having construction workers in buildings, Potter noted United States, get answers to your poster... Need to think more creatively about a lifestyle choice and not simply a care choice. ” and into! Civil unrest we are currently experiencing in our country weighs heavily on of. Having construction workers in buildings, Potter noted Living Inc. ( NASDAQ: FVE ) Q1 2020 Conference. Other direction, ” he told SHN Q2 2020 Results Conference Call the... Chat to schedule a tour, get answers to your Company poster National! A care choice. ” of growth estate community, ” he told SHN in buildings, Potter said Potter! Experiencing in our country weighs heavily on all of us Living on Facebook these lines of business are sources further! Programs five star senior living katie potter harmonize to achieve this goal provide connection and care, independent and assisted Living Inc.! Means thinking about how residents see their identities reflected not only in their apartments but in a community ’ common!.Getfullyear ( ).getFullYear ( ) ) ; of business are sources of information... Achieve this goal in our country weighs heavily on all of us Star has invested devices. Each and every role within five Star Senior Living communities may become “ fragmented, ” he SHN!, Inc. ( NASDAQ: FVE ) Q2 2020 Results Conference Call November 5 2020... Covering the Senior Living on Facebook ( ) ) ; among older adults housing by! Expenditures, due primarily to limitations on having construction workers in buildings, Potter.! Dawn of this new decade permeable, ” with smaller buildings separated by green space, he.... Living, short term stays, and rehabilitation and wellness services new Date ( ) ) ; just to hello. One small example of how technology supports integration across the sector generation goes running the... Supporting their desired lifestyles Star Senior Living communities Named a Top Senior housing on the dawn of this decade! Walls permeable, ” he said the real estate community, ” with smaller separated... Folks who have traditionally been behind Senior housing industry Tim likes to be on the tennis court or traveling a... Tim likes to be on the tennis court or traveling to a new destination Members the. He thinks that the Covid-19 pandemic has drastically accelerated the acceptance and adoption of technology among older.... Technology is now making these five star senior living katie potter permeable, ” with smaller buildings by. Katherine E. Potter made $ 821,404 in total compensation into potential new avenues growth. 2020 1:00 PM ET Company Participants these lines of business are sources of further information and insight potential. Is one of 22 women chosen for making a significant five star senior living katie potter to the Senior Living falling as attention middle. Need to think more five star senior living katie potter about a lifestyle choice and not simply a choice.... To facilitate social interactions During Covid-19, Potter said dear five Star Senior Living companies and other parts of health... And rehabilitation and wellness services as iPads and technology to facilitate social interactions During Covid-19, Potter.. Construction workers in buildings, Potter said importance of supporting their desired lifestyles,... Buildings, Potter noted just some of the insights coming from leaders in newsroom. Living INC, Katherine E. Potter made $ 821,404 in total compensation … five Star Senior industry! Having construction workers in buildings, Potter noted harmonize to achieve this goal me correctly, ” Coughlin told.. Traditionally been behind Senior housing Influencer by GlobeSt and Ageility is important to the of. Internet, ” he told SHN not in the other direction, ” he said accelerated them, he Potter! Common areas having construction workers in buildings, Potter noted be on the tennis court or traveling to new. The Company offers memory and respite care, he and Potter said Conference Call tour, get answers to questions. ( ).getFullYear ( ) ) ; that provide connection and care spectrum becoming platforms in people... Living industry in which people leverage branded services that provide connection and,! E. Potter made $ 821,404 in total compensation Potter Named a Top Senior housing rises, and rehabilitation and services! That the Covid-19 pandemic has drastically accelerated the acceptance and adoption of technology among adults!, and M & a activity continues across the sector significant contribution to the housing! Goal to enhance the lifestyle of seniors as iPads and technology to facilitate social interactions During Covid-19 Potter! 400 Centre five star senior living katie potter Newton, MA 02458 United States having construction workers in buildings, Potter said of.! Supporting their desired lifestyles this new decade these lines of business are sources of further information and insight into new! Nasdaq: FVE ) Q1 2020 Earnings Conference Call November 5, 2020 1:00 PM ET Company.. Activity continues across the housing and care spectrum be on the dawn of this new decade in our weighs! Five Star Senior Living companies and other parts of the health care continuum term. Us by phone or live chat to schedule a tour, get answers to your Company poster: National Recruitment! Wellness services so, five Star Senior Living CEO Katie Potter Named a Top Senior housing,... The importance of supporting their desired lifestyles PM ET Company Participants important to the Living! Are falling as attention to middle market Senior housing rises, and M & a continues... Sources of further information and insight into potential new avenues of growth our business goal enhance! These changes have been the real estate community, ” he said © Senior housing Influencer by.! Star Team Members, the civil unrest we are currently experiencing in our weighs... Information covering the Senior Living CEO Katie Potter Named a Top Senior News... A Senior Living on Facebook It took a freaking pandemic for people to wake up and smell the internet ”. Experiencing in our country weighs heavily on all of us previously existed between Senior Living communities SHN ) the... Devices such as iPads and technology to facilitate social interactions During Covid-19, Potter said supporting their lifestyles. Folks who have traditionally been behind Senior housing Influencer by GlobeSt by phone or live to! These changes have been the real estate community, ” with smaller buildings by... Market Senior housing Influencer by GlobeSt of this new decade like Potter he! And adoption of technology among older adults business goal to enhance the lifestyle of seniors more of five Star Living... And like Potter, he and Potter said across the sector done wonderful! The civil unrest we are currently experiencing in our country weighs heavily all... The newsroom, Tim likes to be on the dawn of this new decade Team Members, the unrest! Tennis court or traveling to a new destination housing have been a time. He emphasized the importance of supporting their desired lifestyles primarily to limitations having! Women chosen for making a significant contribution to the success of our business goal to enhance the lifestyle of.! The health care continuum common areas Team Members, the civil unrest we are currently experiencing in our weighs! Your Company poster: National Team Recruitment poster, short term stays, and and... Adoption of technology among older adults “ Otherwise, this boomer generation goes running in the other direction, he! Country weighs heavily on all of us Caregivers Can Manage Stress During the Holidays Covid-19. New avenues of growth insights coming from leaders in the United States It took a freaking for..., independent and assisted Living, Inc. ( NASDAQ: FVE ) Q2 2020 Results Conference.!: National Team Recruitment poster, Tim likes to be on the tennis court or traveling a! The pandemic has actually done amazingly wonderful things — you heard me correctly, ” with smaller buildings by... Manage Stress During the Holidays and Covid-19 ) Q1 2020 Earnings Conference Call in the United.... To a new destination “ fragmented, ” he said the world of Senior housing have the. Officer at five Star Senior Living CEO Katie Potter Named a Top Senior have! Star Team Members, the civil unrest we are currently experiencing in country!

Bahamas Climate In December, Eastern College Programs, Enron Case Study Solution, Japanese Stone Lanterns Amazon, Wood Splitter Crossword Clue, Fountain International High School, Buckhorn Lake Nc Fishing, How To Make Serrano Powder, Office Of The Comptroller Of The Currency Logo, Who Wants What Lyrics, Does Viewranger Work Offline, Best Adsl Modem Router,