Transactions

3 LCS Communities Partner with HealthPRO Heritage

Three Life Care Services communities are partnering with wellness and rehabilitation provider HealthPRO Heritage which will provide care and rehab to residents in the communities.

The communities – Shipley Living, Foulk Living and Millcroft Living in Neward – are all Deleware-based senior living communities that came into the LCS portfolio last year. HeathPRO Heritage started providing residents with rehab and therapy services in October.

Pine Park Health Acquires Senior-Focused Medical Group

Pine Park Health has acquired Geriatric Specialty Care of Nevada, deepening its connection in Nevada, according to a LinkedIn post by Pine Park Chief Commercial Officer Dan O’Neill.

O’Neill told Senior Housing news via email that the addition of Geriatric Specialty Care brings the Pine Park portfolio of on-site primary care locations to more than 120 across Arizona, California and Nevada.

Ascent Living Expands Colorado Presence

Ascent Living Communities announced it added a senior living community in Colorado, deepening its footprint in its home state.

With the addition, Ascent will be the owner/operator of the property in partnership with the developer, Dillin Corp. And for Ascent, Roaring Park is the company’s fourth senior living community.

The community — called Roaring Fork — is a senior living community based in Glenwood Springs, Colorado with 60 assisted living units and 24 memory care suites. For Asc

Financings

Ziegler Advises Nonprofit Divestiture

Ziegler announced its role in advising the divestiture of a nonprofit continuing care retirement community in Illinois. The community — called Pinecrest Community — is a 192-unit senior living community in Mount Morris, Illinois that is affiliated with the Church of the Brethren.

Ziegler found that Allure Healthcare Services, a Chicago-based long-term care operator, impressed the Pinecrest board. Allure purchased the property and took over its operations on December 2.