Senior Living M&A Volume Hits Lowest Number of Deals Since 2021

The slowdown in senior living M&A continued into the third quarter of this year, representing the slowest period for industry deal-making since 2021. That’s according to an Oct. 16 M&A update from Irving Levin Associates. According to the company’s latest data, industry players inked just 115 deals in the third quarter of 2023, totaling an […]

SilverAssist Acquires Oasis Senior Advisors, Expanding Referral Services

Senior assistance platform SilverAssist is expanding its services through the acquisition of care navigation and referral company Oasis Senior Advisors. The acquisition allows SilverAssist to now offer “white-glove national and local services.” Oasis has 130 franchise locations across the U.S., and helps older adults and their families find senior living communities along with services such […]

AgeWell Solvere Acquires Sonata Senior Living, Nearing 40-Community Mark

AgeWell Solvere Living is undergoing another growth spurt this year. The North Palm Beach, Florida-based company on Tuesday announced the acquisition of Sonata Senior Living, another Florida-based senior living operator. AgeWell Solvere is slated to take ownership of the operating companies that manage Sonata’s 14 communities starting Nov. 1. The terms of the deal were […]

Former NBA, Reality TV Star Lamar Odom Aims to Bring ‘Transparency’ to Senior Living Referrals with ZNest.com Deal

Former National Basketball Association (NBA) star Lamar Odom’s senior living referral business, Odom Senior Care, has been acquired by ZNest.com, according to a news release published on Wednesday.  In an interview with Senior Housing News, Odom said he wants to bring more transparency to the industry to help prospective residents understand pricing, amenities and care […]

Panthera Senior Living Announces First Acquisition with Georgia Portfolio

Investment consortium Panthera Senior Living has made its first senior housing acquisition with a five-community portfolio in southern Georgia. Following the acquisition, Panthera Senior Living’s partner American Healthcare Management is managing the portfolio, Panthera Senior Living Founder and CEO Snorre Eliassen told Senior Housing News. According to a press release, the portfolio consists of Golden […]

New Occupancy, M&A Trends Prompt Hopes for Bigger Rebound Ahead in 2024

Next year will bring pre-pandemic occupancy levels and potentially “gangbusters” levels of transactions for the senior living industry. Or at least, that is what recent trends in census gains and dealmaking say. Last week, the National Investment Center for Seniors Housing & Care (NIC) along with NIC MAP Vision released their latest quarterly occupancy report, […]

FellowshipLife Affiliates With 3 Communities, With More Growth and Renovations Planned

FellowshipLife recently grew by bringing three other communities into the fold — and the organization, and is hoping to keep that momentum going into 2024. With the move, the New Jersey-based senior living nonprofit has over the last nine months grown from its original community in Basking Ridge, Fellowship Village, to a portfolio that now […]

Phorcys Capital Targets Distressed Senior Living Assets for Growth, Seeks $100M Fund 

Investment manager and owner Phorcys Capital Partners is expanding its footprint in the industry with a plan to acquire and turn around distressed communities across the U.S. The company this week announced the $26.4 million acquisition of The Glen at Lake Oconee Village, a recently constructed 114-unit senior living community in Greensboro, Georgia, with independent […]