Capital One Establishes Unitranche Loan Program Capital One (NYSE: COF), with HPS Investment Partners as its strategic co-investor, recently established a new program to originate unitranche loans to middle-market health care companies. The program, through Unitranche Loan Transaction, LLC, will help borrowers to obtain first lien unitranche loans without a syndication process or a rating agency. “In […]
Ohio Presbyterian Retirement Services
New Senior Appoints Interim CFO The board of directors of New Senior Investment Group Inc. (NYSE: SNR) appointed Bhairav Patel as interim CFO and treasurer, effective as of Sept. 26. The announcement comes as Justine Cheng resigned from the roles to pursue a new professional opportunity, according to an SEC filing from the company. Patel […]
There’s a shift happening in senior housing. While being focused on residents is undoubtedly a hallmark of successful senior housing operations, signs suggest that more businesses are focusing on their employees to boost resident satisfaction and bottom-line results. Senior housing operators already understand there’s a trickle-down effect from staff to residents that can measurably improve […]
Summit Healthcare REIT Elects Suzanne Koenig to Board of Directors Summit Healthcare REIT, a publicly-registerested, non-traded real estate investment trust (REIT) that primarily invests in senior housing, has appointed Suzanne Koenig to its board of directors following an election at the annual meeting of stockholders. Koenig is currently president and founder of SAK Management Services […]
Terri Cunliffe Named CEO of Covenant Retirement Communities The Board of Directors of Chicago-based Covenant Retirement Communities (CRC), owner and operator of 14 senior living communities nationwide, has named Terri Cunliffe as its CEO, effective June 1, 2015. Cunliffe, who has served as CRC’s chief operating officer since 2010 and has been part of the […]
Mainstreet Names 5 New Staff Members to Join Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of post-acute health care properties, has announced five new members will join its team. Michael Klingl has joined Mainstreet as a development director. Klingl most recently worked for GreenbergFarrow in Chicago, where he served as a senior development manager for more […]