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 […]

Rumored Ascension Merger Could Strengthen Hospital, Senior Living Ties

The largest nonprofit health care system in the country is reportedly considering a merger—which could mean the nation’s largest hospital operator also would be the third-largest nonprofit senior living organization. St. Louis-based Ascension Health and Renton, Washington-based nonprofit health system Providence St. Joseph Health have been discussing the possibility of merging for months, The Wall […]

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 […]