Transactions & Financings: HDG Starts Management of Two Communities; KeyBank Provides $21M for Affordable Project

Transactions Health Dimensions Group Begins Management of Communities Health Dimensions Group (HDG) announced it provided management services in addition to day-to-day operational oversight to two senior living communities in the northern Midwest. The communities – Stoney River of Marshfield, Wisconsin and Stoney River of Ramsey, Minnesota – are assisted living and memory care communities. Both […]

Movers & Shakers: Presbyterian Homes Names COO; Grow Your Occupancy Names VP

Presbyterian Homes Names COO Presbyterian Homes announced that Shannon Gutierrez has been named Chief Operating Officer. Gutierrez will oversee efforts in operations, team-building, development and technology of the three life plan communities in the Presbyterian portfolio – Lake Forest Place, The Moorings of Arlington Heights and Westminster Place. Gutierrez has been in senior living for […]

Optum to Acquire Amedisys in $3.3B Deal That Could Help Shape Senior Living’s Future

UnitedHealth Group’s Optum arm is buying Amedisys Inc. (Nasdaq: AMED) in a transaction totaling about $101 per share, or about $3.3 billion. The all-cash deal follows and supersedes a previous offer to acquire Amedisys from home infusion company Option Care Health (NASDAQ: OPCH) for $3.6 billion funded by a combination of cash and shares. “The […]

Transactions & Financings: Atlas Senior Living’s First Divestiture; Edgemere Officially Changes Hands, Resident Contract Structure

Sales Edgemere Closes Sale Embattled Dallas-based senior living community Edgemere announced that it has sold to Bay 9 Holdings, an affiliate of Lapis Advisers. Lapis Long Hill at Edgemere took over management of the property on June 14. The final sale comes after more than a year of bankruptcy negotiations that includes more than $143 […]

Senior Living Industry Associations Form Collaborative Focused on Quality in Assisted Living

The senior living industry’s most prominent four advocacy organizations are coming together as part of a new effort to define and boost quality in assisted living communities. LeadingAge, the American Seniors Housing Association (ASHA), Argentum and the National Center for Assisted Living this week announced the launch of the Quality in Assisted Living Collaborative, an […]

GenCare Narrows Senior Living Industry’s Behavioral Health ‘Gap’ With New Partnership

A senior living operator in the Pacific Northwest is going bigger on mental health with a new partnership aimed at helping residents and their families better access — and crucially, pay for — behavioral health services. Earlier this month, Seattle-based GenCare Lifestyle announced it is the first major senior living operator in the U.S. to […]

Movers & Shakers: WesleyLife Names COO; The Springs Creates New VP Roles

The Springs Names 2 Regional Directors to Newly Created Roles The Springs Living announced that two of its regional director – Amy Brown and Nicole Jemming – have been named to the newly created positions of VP of operational excellence and VP of operations, respectively. Brown’s new responsibilities will include forward-facing operational strategy and creating […]

Transactions & Financings: Proveer Buys Vitality Community; Ziegler Assists IHC Purchase

Acquisitions Strawberry Fields REIT Agrees to 24-Facility Purchase Strawberry Fields REIT announced that it has entered into a purchase and sale agreement with an unaffiliated seller for 24 health care facilities, all of which are located in Indiana. The facilities are comprised of 19 skilled nursing facilities and five assisted living communities. The portfolio is […]