Five Star Senior Living Announces Collaboration With Compass Group to Transform Five Star’s Residents’ Dining Experience
Collaboration Advances Five Star’s Commitment to Deliver Differentiated, Customer-Focused Experiences
Compass to Assume Management of Dining Services in all Five Star Communities by Year End 2022
“At Five Star, we are focused on continuously enhancing the resident experience at our communities,” said
The transition of Five Star’s dining services operations will begin on
About
Five Star is a provider of services that enrich and inspire the lives of older adults. Five Star owns, operates and manages independent living, assisted living, memory care and continuing care retirement communities across
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever FVE uses words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions, FVE is making forward-looking statements. These forward-looking statements are based upon FVE’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by FVE’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond FVE's control. For example:
- Ms. Potter’s statements regarding the transformation of the dining experience for residents may imply that FVE will be able to attract and retain more residents and achieve better financial and operating results as a result of the collaboration with Compass Community Living. FVE may not realize the benefits it anticipates after transitioning its dining services operations.
- The transition of FVE’s dining operations may not occur on the anticipated timeline and the level of service may not be as anticipated.
- Employees currently working in FVE’s dining services may not become employees of Compass Community Living, adversely impacting Compass Community Living’s ability to perform its services.
The information contained in FVE’s filings with the
You should not place undue reliance upon forward-looking statements.
Except as required by law, FVE does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
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