Happy Monday, Senior Housing News readers!
Last week was a short one—and, let’s face it, you probably didn’t spend your Fourth of July catching up on the latest news. Luckily, we’ve got you covered.
Here’s all of last week’s must-read news you may have missed:
A Place for Mom is being sold for an undisclosed price to global growth equity firm General Atlantic and technology investment firm Silver Lake.
Capital is plentiful and can potentially offset any negative effects of senior housing overbuilding, according to the Spring 2017 Seniors Housing Market Report from Chicago-based global commercial real estate services firm Jones Lang LaSalle (JLL).
Kindred Healthcare (NYSE: KND) has found a buyer for its skilled nursing portfolio, and its major real estate investment trust (REIT) landlord Ventas (NYSE: VTR) expects to ultimately receive $700 million from the deal.
Year-and-a-half-old company Belle Cares provides affordable, easy-to-book beauty services to seniors at home, in assisted living communities, receiving hospice care and more.
Whenever senior housing providers make a major change—such as Holiday Retirement’s abandonment of its live-in manager model—there are ways to communicate with residents and practices to ensure the organization stays out of legal trouble. Providers just have to employ a lot of patience—and a great deal of transparency.
Also in the News
I don’t know about you, but when I’m 80, I hope I’m as athletic as these ladies on the San Diego Splash:
Written by Mary Kate Nelson