New Operator Prosper Life Care Acquires First 2 Communities, Targets Middle Market

Although Covid-19 made the process longer and more complicated than anticipated, a new senior living operator — Prosper Life Care — has now acquired its first two communities. Both communities are located in Massachusetts and were previously owned and operated by Landmark Senior Living, which is exiting the sector to focus on addiction treatment. Landmark […]

Transactions & Financings: LCS Assumes Operations of Rose Senior Living; United Church Homes’ New Development Venture

Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, TennesseeRose Senior Living and Rose Villas, Avon, OhioRose Senior Living, Beachwood, OhioRose […]

Aegis, Blue Moon Acquire 10-Property, $350M Portfolio from Healthpeak

Aegis Living, with its joint venture partner Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. Aegis currently operates the communities and will continue to do so going forward. The deal, totaling 702 units, is the largest in Aegis’ 24-year history and continues […]

Transactions & Financings: Ziegler’s $122M Financing Deal Volume; Randall Residence Adds Ohio Community

Sales and operator transitions Livingston Street Capital affiliate acquires Maryland active adult community An affiliate of Livingston Street Capital has acquired Alta at Regency Crest, a 150-unit, 55-plus active adult community in Ellicott City, Maryland. This is Livingston Street’s fourth recent active adult acquisition. Previously, the firm purchased two communities in Utica and Albany, New […]

What the $614M CareMax SPAC Deal Could Mean for Senior Living Providers

A transaction announced last Friday provides another sign of the increasing role of special purpose acquisition companies (SPACs) in shaping how older adults receive care and services. SPACs — also known as “blank check companies” — raise capital in public offerings, with the purpose of acquiring companies with high growth potential. SPACs have been very […]

Transactions & Financings: HJ Sims’ $111M Deal Volume; Chicago Pacific Founders’ Florida Acquisition

Sales and operator transitions Elevation Financial Group acquires Massachusetts assisted living community for $4M Elevation Financial Group acquired Wingate Residences at Brewster Place, an assisted living facility in Brewster, Massachusetts. The purchase price was $4 million and facilitated through Elevation Real Property Fund VII. The community ceased operations in 2019. Elevation plans to reposition the […]

PointClickCare To Acquire Collective Medical for Reported $650 Million in Care Coordination Play

PointClickCare is acquiring Collective Medical, a care coordination technology company used by more than 1,300 U.S. hospitals and every national health plan, in a move to support the integration of senior living and other long-term and post-acute settings within the larger health care system. The acquisition price is just under $650 million, Business Insider reported, […]

Transactions & Financings: Capital Senior Living Sells Ohio Community; NHI’s $22M Development Loan

Sales and operator transitions Capital Senior Living completes $18M sale of Ohio community Capital Senior Living (NYSE: CSU) completed the sale of a senior living community in Canton, Ohio. The sale price was $18 million, and provided $6.4 million in net cash proceeds to the operator. Additionally, Capital Senior Living was retained by the new […]

Transactions & Financings: Ziegler’s $184M Financing Deal Volume, Commonwealth Senior Living Acquires Virginia Community

Sales and operator transitions Commonwealth Senior Living acquires Virginia assisted living facility Commonwealth Senior Living acquired Cedar Manor Assisted Living, an assisted living facility in Chesapeake, Virginia including 60 assisted living beds and 12 memory care beds. The community will be rebranded as Commonwealth Senior Living at Cedar Manor. Immediately after the holiday season, the […]

Transactions & Financings: AccentCare, Seasons Hospice Merging; Ziegler’s $42M Financing Package

Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]