Several facets of the Affordable Care Act come into play beginning in 2016, raising questions about how the law’s continuing implementation will impact the senior housing industry. A survey released earlier this year by the International Foundation of Employee Benefit Plans found that 33% of employers expect the greatest cost increase from the ACA to […]
Transaction volume within the senior housing sector is at an all-time high, and recently released research findings indicate that commercial real estate professionals don’t expect it to slow any time soon. At the end of the second quarter of 2015, approximately $17 billion in senior living transaction volume was recorded over the past 12 months throughout the United […]
Goldman Sachs has listed Brookdale Senior Living (NYSE: BKD) as one of six companies deemed likely acquisition targets in the health care sector, in a report dated Monday. Brookdale was the lone senior housing provider named by Goldman analysts in their report. All have at least a “medium” probability of being involved in an M&A transaction, […]
Lancaster Pollard Hires Managing Director for Mergers and Acquisitions Lancaster Pollard has hired Chad Elliott as managing director of the firm’s mergers and acquisitions group. In his new role, Elliott will be tasked with leading the firm’s national efforts in sell-side and buy-side advisory services for seniors housing and care properties. Previously, Elliott served as […]
Maintaining fair unit prices while still attracting leads proves quite the balancing act in the senior housing industry. Slashing rents to draw in occupants could mean a revenue hit, but keeping them too high or under wraps might make prospects hesitant to move forward with the process. A survey of recent tour-goers conducted by third-party […]
Following months of sagging stock prices and riding the wave of consolidation in the senior housing industry, Vancouver-based Amica Mature Lifestyles Inc. has agreed to a a buyout by BayBridge Seniors Housing. The transaction totals more than $500 million Canadian dollars, and moves Amica from the public to the private sector. Under the agreement announced Wednesday, Amica […]
Ventas Spin-Off Announces First Acquisition Care Capital Properties Inc. (NYSE: CCP) has announced the completion of its first acquisition since it officially spun off from Ventas Inc. (NYSE: VTR) last month, a transaction valued at $210 million. The acquisition includes eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana, according to a news release. As […]
When it comes to the view from the C-Suite, senior living leaders inevitably see a mixed landscape. While they may take heart from favorable demographics and other large-scale trends, they also perceive threats to long-term success. One of these threats, in the estimation of some prominent executives, is the deep reluctance of seniors in the United […]
KTGY Group Architecture Opens New Chicago Studio, Appoints 2 New Principals KTGY Group, Inc. announced on Aug. 26 the opening of a new office in Chicago, and with it the appointments of veteran designers Craig R. Pryde and David M. Kennedy as principals of the studio. Before joining the KTGY team, Pryde and Kennedy served […]
Alongside its $170 million acquisition by HealthSouth Corporation (NYSE: HLS), CareSouth Health System has announced its plan to retain its Health at Home partnership and rename its Senior Living Services division to further focus on such communities. As part of the acquisition, national home health, post-acute and senior living services provider CareSouth’s home health, hospice, private duty […]
