Private equity is out, and a senior housing operator is in for ownership of Sunrise Senior Living’s management company. Health Care REIT (NYSE:HCN) has agreed to recapitalize the management company and will move from owning a 20% interest in Sunrise to 24% once the deal closes. Terms of the deal were not disclosed. Revera Inc., […]
Kohlberg Kravis Roberts & Co.
Sunrise Senior Living, LLC announced Thursday that Penny McIntyre will succeed Mark Ordan as the company’s chief executive officer, effective November 18, 2013. The board-appointed replacement represents an expected transition following Ordan’s announcement last November that he would depart the role following the sale of Sunrise to Health Care REIT. McIntyre has more than 20 […]
Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
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