It’s been a big year for Invesque. Since its founding in 2015, the Carmel, Indiana-based firm has amassed a nearly $2 billion portfolio, and made a signature acquisition in 2019 by purchasing the Commonwealth Senior Living operating company and 20 properties. This rapid growth is no accident — Invesque Chairman and CEO Scott White places […]
In 2014, Presbyterian Retirement Communities Northwest (PRCN) was a small and struggling provider with three communities in the Seattle area. Fast-forward to the present day, and the organization has rebranded as Transforming Age, serves about 10 times as many seniors, and is pursuing further innovation and expansion — including through the $150 million Olympic Tower […]
As a child, Jan Garde did not enjoy visiting his grandfather’s retirement home. “I thought it was the worst place on Earth,” he told Senior Housing News. Now in his 30s, Garde is working to bring an alternative type of senior housing to market with his startup, The Embassies of Good Living. “Think of the […]
Scottsdale, Arizona-based Cadence Living has taken over operations for a seven-property, 402-unit senior living portfolio in North Carolina owned by Griffin-American Healthcare REIT III. The assisted living and memory care portfolio was previously operated by Raleigh, North Carolina-based Carillon Assisted Living. Carillon also recently exited a nine-property portfolio owned by Chicago-based real estate investment trust […]
Home care startup Honor — which is working with senior living providers such as Eskaton — could receive a $150 million investment from SoftBank Vision Fund 2, CNBC reported Thursday. SoftBank backing would be good news for San Francisco-based Honor and its partners but also underscores that home care — considered by many people in […]
In September 2018, 33 properties operated by Little Falls, New Jersey-based Atrium Health and Senior Living went into receivership. Following recent transactions, those properties have now all been either closed or sold. North Shore Health Care — based in the Milwaukee suburb of Glendale, Wisconsin — has acquired 22 of the communities. Of these, 16 […]
One of the largest senior living operators in the United States has gained further scale by taking over the management of a nine-property assisted living and memory care portfolio. Lake Oswego, Oregon-based Eclipse Senior Living assumed management of the communities effective Dec. 1. All the properties are located in North Carolina and will be under […]
Tana Gall will become president of Merrill Gardens — again — next month, and she is excited by the opportunity to experiment and create new ways of doing business. “We haven’t figured it out completely,” she told Senior Housing News, speaking of plans to combine Merrill Gardens with Blue Harbor Senior Living and offer a […]
A partnership with tech-forward home care startup Honor has enabled senior living nonprofit Eskaton to boost revenue and smoothed the organization’s expansion into new markets. But the partnership did not get off to an auspicious start. Sacramento, California-based Eskaton completed its transition to the Honor platform in Dec. 2018, and issues emerged soon after. “By […]
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. […]
