Senior Housing Investments & Transactions: Fortis Files for Receivership

Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]

Editor’s Picks: Fourth of July Edition

This week, Senior Housing News readers wanted to know how the Brexit vote will impact the U.S. senior housing industry and where assisted living is the priciest nationwide. Readers were also keen to learn more about Google Capital’s $46 million investment in Care.com and a wildly successful intergenerational summer camp at a continuing care retirement […]

Google Capital Enters Senior Care Arena with $46 Million Investment

Senior care has officially sparked Google’s interest. Google Capital on Wednesday announced it has invested $46.35 million in Waltham, Massachusetts-based Care.com, Inc. (Nasdaq: CRCM), the world’s largest online marketplace for finding and managing family care.  Google Capital, a growth equity fund backed by technology conglomerate Alphabet (Nasdaq: GOOGL), invests in companies that are driving disruption […]

Care.com, Peapod and the Future of Aging Technology

From giants like Google and Apple to Uber and other burgeoning startups, tech companies are lining up to cash in on a swelling senior population that’s increasingly living longer and requesting more services to help them age in place. However, seniors’ tech demand often seems much different from that of younger generations, which raises the question: […]

Movers & Shakers — People and Positions for March, Part IV

Atlanta CCRC Names New CFO, VP of Finance Lenbrook, Atlanta’s only continuing care retirement community (CCRC) to be nationally accredited by CARF-CCAC, has named Dan Dornblaser to the position of chief financial officer and vice president of finance. Lenbrook has also elected Tripp Rawls to serve on its Board of Directors. Dornblaser brings more than […]

Washington Post: Employers Warming Up to Elder Care Benefits

For many adult children, juggling time to care for one’s parents and own household, while at the same time balancing a 9-to-5 job, is no easy task. But as the nation’s aging population is poised for astronomical growth in the years ahead, more employers are providing benefits to their workers to help them with manage […]

Chart of the Day: Traffic Trends for Top Senior Care Sites

Site traffic is on a spring surge for the top five senior care websites, dominated by care referral service providers along with a lone senior living provider.  The number of unique visitors for Care.com, Caring.com, SeniorHousingNet.com, A Place for Mom, and Emeritus trended upward in March according to data from comScore, an internet technology company […]

Care.com Shares Rise in $90 Million Initial Public Offering

Online care network Care.com is making waves on Wall Street. On the heels of its initial public offering launched Friday, the company raised more than $90 million—and counting.  The 8-year-old company connects care providers with those who need it, including an emphasis on senior care.  The company priced its initial public offering of 5.35 million […]