Call it a Goldilocks problem. In the consolidating senior housing and care sector, providers are challenged to achieve the right scale—not too big, not too small, but just right. Integration problems have plagued Brookdale Senior Living (NYSE: BKD) since its mega-acquisition of Emeritus Corp. was finalized in 2014, leading some to pronounce that the company is too […]
Prestige Healthcare on Thursday closed the acquisition of 15 senior care properties in Michigan from a local owner and operator, funding the purchase with a loan from LTC Properties Inc. (NYSE:LTC) in a transaction handled by Evans Senior Investments. In August, LTC Properties agreed to a $141 million mortgage with Louisville, Ky.-based Prestige for the […]
Holiday Retirement Assumes Management of N.Y. Senior Community Holiday Retirement announced in late July it has assumed management for The Manor at Woodside, an independent living community in Poughkeepsie, N.Y., following a recent acquisition from Woodside Associates. The Manor at Woodside is a 111-unit retirement community featuring a live-in management team available 24 hours a […]
