Senior Housing Investments & Transactions: Vikus Acquired, CA Senior Living Buys in Texas

HealthcareSource Acquires Vikus Corporation 

Health care industry talent management software provider HealthcareSource announced its acquisition of Vikus Corporation, a Tennessee-based company offering hiring software for the post-acute and long-term care markets. Financial terms of the deal are not being disclosed, HealthcareSource President and CEO J.P. Fingado told Senior Housing News.

The acquisition gives HealthcareSource more than 6,300 health care clients, with more than 3,000 facilities already using Vikus’s software, per a press release.

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HealthcareSource already was the leading talent management solution on the acute care side, with over 50% of hospitals in the country utilizing it, according to Fingado. The Vikus acquisition means the company now extends its services across the whole continuum of care. That has been a goal of Fingado since he took the reins as CEO in 2015; he sees post-acute as a “huge opportunity,” considering both the aging population and evolving reimbursement models putting more emphasis on post-acute quality. The only question was whether to build a post-acute platform or acquire one.

“I got to meet these [Vikus] folks about a year and a half ago and was incredibly impressed with the entire team and what they built,” he said.

Seeing a good fit culturally between HealthcareSource and Vikus, he thought that moving forward with an acquisition made sense. But Vikus users should not notice any change in the service, at least at first.

“Our short-term goal is no change at all for users,” Fingado said. “We retained all the Vikus employees and are adding to the staff going forward.”

Longer term, HealthcareSource wants to bolster post-acute and long-term care offerings, including electronic learning resources and more onboarding tools. These should start to be rolled out in the first half of 2018, according to Fingado.

CA Senior Living Acquires 306 Units in Dallas Area 

CA Senior Living LLC has acquired three Texas properties, adding 306 total units in assisted living and memory care. The senior housing investment and development arm of Chicago-based CA Ventures, CA Senior Living’s acquisition gives it a portfolio of 14 communities either currently operating or under construction with approximately 1,700 total units.

Financial terms of the deal were not disclosed. The three new properties are all in the Dallas area:

* The Village Assisted Living and Memory Care: 75 assisted living apartments and 32 memory care units in Denton, Texas

* The Village at Mapleshade: 92 assisted living units in Plano, Texas

* The Village at Stonebridge: 75 assisted living apartments and 32 memory care units in McKinney, Texas

California-based Integral Senior Living will continue to manage the properties.

Summit Acquires Interest in 6 Iowa Properties

Summit Healthcare REIT, Inc. has acquired an interest in six properties throughout Iowa, offering skilled nursing, assisted living, and independent living. The California-based Summit acquired the properties for $29.5 million, adding a total of 551 licensed beds.

The acquisitions were made through Summit Fantasy Pearl Holdings, LLC, a joint venture with Fantasia Holdings Group Co., Limited.

“We are pleased to be working with a top notch operator in a new state,” Summit President & COO Kent Eikanas said in a statement. “We are focused on continuing to work with regional operators, especially when it comes to skilled nursing.”

The acquisition gives Summit more than 4,500 across 47 properties in 14 states, with around 3,100 beds in skilled nursing.

Written by Jack Silverstein and Tim Mullaney

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