It’s clear senior living has jumped on the technology bandwagon, but can all of the innovative tools bring a low-performing operator to the top? Some industry leaders think not. Speaking last week at the Senior Housing News Summit in Washington, D.C., they revealed why tech alone cannot save the day, and what the industry is still lacking […]
Young professionals in senior living seem to have a few things in common. One is that they find their jobs rewarding. Another is that they never intended to make a career in this industry. This is according to a few young, emerging leaders in the field of aging, who have banded together to raise awareness […]
Now announcing the full lineup of speakers for the Washington D.C. Senior Housing News Summit. The April 6th event will feature a lineup of heavy-hitters from some of the top names in the industry. Join SHN in D.C. for business insight and access to leading executives in the senior housing industry. Purchase your ticket now […]
Senior Housing News and PointClickCare have teamed up over the past year to bring an in-depth look into what it takes to be an influential leader in the senior housing industry today. The Leadership Series is a consortium of comprehensive interviews with industry-leading executives to bring unique insight into their personal stories. The series covers […]
HFF Closes Deals in Northeast and Miami Holiday Fenoglio Fowler, L.P. (HFF) has closed a $10.3 million sale of a 0.9-acre development site that will be developed into a high-rise seniors housing community. The site, which is located directly across from the Dadeland Mall in Miami’s Kendall neighborhood, was sold to Greystar, a fully integrated […]
MidCap Financial, a speciality finance firm that has provided debt solutions to a broad array of senior housing companies, has added an FHA lending platform for the first time by acquiring Pineview Capital Group. The transaction comes at a time when FHA transactions are expected to be on the upswing. Bethesda, Maryland-based MidCap Financial is focused […]
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Louisville, Kentucky-based Signature HealthCare LLC has acquired the skilled nursing assets of Elmcroft Senior Living, effectively adding 18 skilled nursing and rehabilitation centers to Signature’s holdings, Louisville Business First reported. Financial terms of the transaction were not disclosed. “This strategically works better for us,” Elmcroft CEO Pat Mulloy tells Senior Housing News. “The largest portion of […]
Wishing our readers a very happy holiday. The SHN team will be suspending our daily emails in observance of the holiday this week. We will resume our normal schedule on Monday, December 29. Until then, here’s a recap of the most read stories this week. Investors See These 3 Trends Ahead in Senior Housing—From strong […]
The management team of Louisville, Kentucky-based operator Elmcroft Senior Living last week purchased the company to become the majority shareholder, according to Louisville Business First. The deal, which closed Friday for an undisclosed amount, involved Elmcroft’s management team purchasing the company from its previous owner, whom CEO Pat Mulloy only noted as a “private family” […]
