Three years ago, Sonida Senior Living (NYSE: SNDA) leader Kim Lody laid out a turnaround plan to help position the company for long-term success. With those efforts largely in the rearview mirror, she is passing the torch. Lody on Thursday announced she is stepping down from her post as CEO, with current COO Brandon Ribar […]
Golden Living
Capital Senior Living (NYSE:CSU) has hired Brandon Ribar as its new chief operating officer. Ribar is formerly the senior vice president of operations for major skilled nursing company Golden Living. He’s stepping into the COO role months after the departure of Capital Senior Living’s former COO, Brett Lee. Ribar’s appointment was announced Tuesday — and […]
A third-party receiver has taken over a chain of 10 assisted living communities and 21 nursing homes after its owners failed to make payroll. Nebraska state officials placed the Cottonwood Healthcare chain, which did business under the name Skyline, under receivership on March 23, reported several local media outlets including the Omaha World-Herald and the Columbus Telegram. […]
NHP Foundation-Urban Athletic Fund Acquires Connecticut Portfolio for $43 Million The NHP Foundation-Urban Atlantic Fund I, LLC acquired four apartment complexes in Connecticut for approximately $43 million. The portfolio consists of 404 total units, and all properties benefit from a Project-Based Section 8 Housing Assistance Payment (HAP) contract for all units. The $50 million equity fund was […]
Diversicare to Operate 22 Facilities Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), a long-term care services provider to patients in 54 skilled nursing and senior housing centers, has entered into an agreement to assume the operations of 22 facilities from Golden Living, totaling approximately 2,600 skilled nursing beds. The facilities are located in Alabama and Mississippi, and […]
One of the nation’s most prominent companies managing patient placements in post-acute care settings appears set to expand in new markets, after being acquired by Cardinal Health (NYSE: CAH) in what could be a $410 million deal. Through a proprietary technology that analyzes what likely patient outcomes will be, naviHealth works with health plans to […]
A private investment firm with experience in the hospitality, healthcare and senior housing industries is planning to reinvent transitional care by blending cutting edge design with the services and operations of each all under one roof. Salude, a transitional care provider opening its first facility in Georgia next month, aims to leverage the expertise of […]