Transactions & Financings: Front Porch, Covia Merger Complete; Invesque Closes $75M in Sales

Transactions Front Porch, Covia Communities Complete Merger Front Porch announced that its merger with Covia Communities became effective on April 1. The merger, which was announced in 2021, has a footprint that includes about 7,500 residents in 19 senior living communities located in four states. The new organization will operate under the Front Porch name […]

Ascension Living Names New President and CEO

Ascension Living—the senior services arm of the country’s largest nonprofit health care system—will soon have a new president and CEO. Gayle Trupiano is set to assume the executive role on September 11. Trupiano originally joined Ascension, the health system, in 2004, and currently works as Ascension Health’s vice president, performance excellence. She will replace Jesse Jantzen, […]

Senior Living Operator to Join Largest Nonprofit U.S. Health System

The largest Catholic health system in Illinois—which also operates 27 senior living communities and long-term care facilities—is set to be acquired by Ascension, the largest non-profit health system in the country. Specifically, Chicago-based Presence Health will become part of Amita Health, a joint venture between Adventist Midwest Health and Alexian Brothers Health System.  For the full […]