Happy Monday! Hopefully your weekend was as exciting or as relaxing as you’d intended. Before this week gets too busy, be sure to catch up on last week’s most-read stories on Senior Housing News: Gardant Management Solutions CEO Rod Burkett flies Southwest Airlines a lot—and he looks to the company for inspiration in running his […]
AdCare Health Systems
AdCare Health Systems’ (NYSE MKT: ADK) rocky past has been well-documented. Now, the organization has abruptly axed its chairman and CEO. The Suwanee, Georgia-based self-managed healthcare real estate investment company has fired Chairman and CEO William McBride III for intentionally misrepresenting his educational background, according to a April 17 filing with the U.S. Securities and Exchange […]
Transforming Age Acquires $138 Million Portfolio Transforming Age, formerly known as Presbyterian Retirement Communities Northwest, acquired an eight-property portfolio totaling more than 1,000 units for $138 million. The portfolio, located across the Twin Cities, was acquired from a joint venture between Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate. “Transforming Age saw the […]
AdCare Sells Nine Properties for $55 Million AdCare Health Systems, Inc. (NYSE: ADK), a self-managed health care real estate investment company that primarily invests in senior living and long-term care properties, has completed the sale of nine properties in Arkansas. The properties were sold to affiliates of Skyline Healthcare LLC, the current operator of the […]
Ensign Group Completes Acquisition of Legend Healthcare The parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, The Ensign Group, Inc. (NASDAQ: ENSG), has completed its previously announced acquisition of 18 skilled nursing operations in Texas. All facilities were previously operated […]
AdCare Health Systems, Inc. (NYSE MKT: ADK) is looking to boost board accountability in the wake of a scandal involving one of its former directors. Specifically, AdCare’s shareholders approved a proposal to declassify the company’s Board of Directors during the company’s annual meeting of shareholders on Dec. 10. Declassifying the board means that each one […]
Senior Lifestyle Associates Names Executive Vice President Senior Lifestyle Associates, Inc., a Delaware corporation engaged in the acquisition and management of senior living facilities through the United States, has appointed Douglas F. Gass as executive vice president. Gass has over 25 years of experience in capital markets, including institutional sales, investment banking and corporate finance. […]
Blue Moon Capital Partners Forms New Development Joint Venture in Northville, Michigan Senior housing private equity investor Blue Moon Capital Partners announced Sept. 14 that it closed on a $52.5 million development joint venture with The Damone Group and its affiliates for the development of a 180-unit independent living, memory care and assisted living campus […]
Greystone Real Estate Advisors Closes Sale of St. Louis Community Greystone, a real estate lending, investment and advisory company, recently announced its Real Estate Advisors group closed the sale of Brentmoor Retirement Community in St. Louis, Missouri. The property was acquired by Titan SenQuest Management, Inc. a wholly owned subsidiary of Titan Real Estate Investment […]
The Bristal at Armonk Appoints Nichola Johnson as Executive Director The Bristal at Armonk in New York, an assisted living community that offers memory care support as well as enhanced levels of care, has announced the appointment of Nichola Johnson as executive director. In this position, Johnson will oversee all aspects of community operations for […]
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