Industry association LeadingAge and specialty investment bank Ziegler’s list of the nation’s largest nonprofit senior housing providers grew a bit this year. The 15th annual LeadingAge Ziegler 200 (LZ 200), published Monday, ranks the largest not-for-profit systems providing aging services through senior living in the United States, Read More »
Avamere C-Suite Shuffle First Step To Post-Acute Care Network
The Avamere Family of Companies announced on Wednesday a reorganization of its executive ranks intended to remove the separations among the Wilsonville, Oregon-based firm’s individual entities, allow the sharing of resources and create a post-acute care network. “With this new organizational structure, our company will Read More »
Why Amazon’s HQ2 Cities Could See Senior Housing Boost
It’s official: after a 13-month search process, Amazon announced today it will split its second headquarters between Long Island City in Queens, New York and Crystal City in Arlington, Virginia. Amazon will invest $5 billion to create 50,000 new jobs between the two cities. Additionally, Read More »
Heightened Assisted Living Scrutiny Highlights Need For Airtight Operations
The assisted living industry is changing from a hospitality-based model to one incorporating more health care options to allow seniors to age in place. The shift in operational strategy comes as more seniors indicated they prefer assisted living to moving in with family members. The Read More »
Transactions & Financings: Details Emerge On $264 Million HCP-Apollo Portfolio Sale
Cushman & Wakefield, KeyBank Assist In HCP, Apollo Global On $264 Million Portfolio Trade HCP (NYSE: HCP) announced during its Q3 earnings call last month it completed the $264 million sale of 17 senior housing communities to an investment fund managed by affiliates of Apollo Global Management. Read More »
Belmont Village Blends Urban, Mixed-Use Trends in New Chicago Development
“This project has been a very long time in the making.” Those were the words that Belmont Village Senior Living founder and CEO Patricia Will said to a group of nearly 60 people late last month at a ribbon cutting ceremony of a sales center Read More »
Another Activist Investor Calls On Brookdale To Sell Its Real Estate
Brookdale Senior Living (NYSE: BKD) now has two major investors calling for the company to sell its real estate assets. Macquarie Investment Management, an affiliate of Sydney, Australia-based financial services firm Macquarie Group (ASX: MCQ) wrote an open letter to Brookdale shareholders on Friday, calling Read More »
Brookdale Reaches Late Innings of Portfolio Restructuring Efforts
To use a baseball analogy, Brookdale Senior Living’s (NYSE: BKD) portfolio restructuring strategy is now in the late innings, and President and CEO Cindy Baier is looking to her bullpen to hold a narrow lead. “I would say we’re at the seventh inning of our strategy,” Read More »
$750 Million MatrixCare Acquisition Brings ResMed into Senior Housing
ResMed (NYSE: RMD) is acquiring MatrixCare, the Minneapolis-based health care software platform that specializes in senior housing and care, in a $750 million deal. The transaction, announced Monday, allows San Diego-based ResMed to expand its out-of-hospital Software as a Service (SaaS) portfolio beyond home health Read More »
Transactions & Financings: Ziegler Closes $76M Financing, Cadence Living Acquires 3 Communities
Ziegler Closes $76M Series 2018 Financing Ziegler closed a $75,555,000 Series 2018 financing package on behalf of Broadmead, a nonprofit Maryland corporation. The Series 2018 tax-exempt bonds were issued through the Maryland Health and Higher Educational Facilities Authority. The Series 2018 Bonds are rated “BBB+” Read More »
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