Market Overview

Five Star Senior Living Announces Collaboration with the MIT AgeLab


Star Senior Living Inc.
(NASDAQ:FVE), one of the nation's leading
providers of services to older adults, is excited to announce its
membership in the MIT AgeLab C3 Connected Home Logistics
Consortium. The MIT
believes that the convergence of social, demographic and
technological forces provides the opportunity to improve connectivity,
convenience and care (C3) in the home for consumers of all
ages. The C3 Consortium is designed to serve as a catalyst
for research and innovation for like-minded firms from a variety of

In pioneering ways to help older adults lead rich and remarkable lives,
Five Star believes it can have a true and lasting impact. Five Star's
commitment to helping older adults stay active and connected will become
even more meaningful over the next decade as demographics change.

"This collaboration with the MIT AgeLab is a natural fit given our
shared values and philosophy," said Katie Potter, President and Chief
Executive Officer of Five Star Senior Living. "We recognize that people
are living longer, and we are committed to bringing enrichment and
purpose to the lives of older adults, wherever they may call home. We
are thrilled to collaborate with the AgeLab and other partners to
further deepen our understanding of the changing needs of older adults
and how we can support them to best address these needs."

About MIT AgeLab

The MIT AgeLab is a multidisciplinary research program that works with
business, government, and NGOs to improve the quality of life of older
people and those who care for them. The AgeLab applies consumer-centered
systems thinking to understand the challenges and opportunities of
longevity and emerging generational lifestyles to catalyze innovation
across business markets.

About Five Star Senior Living

Five Star Senior Living provides services to over 25,000 older adults
through its over 280 senior living communities and Ageility Physical
Therapy gyms across the country. Five Star is headquartered in Newton,

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