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 […]
Category: Acquisitions
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 […]
Balfour Senior Living has become an affiliate of Kisco Senior Living, creating a combined entity of 35 communities with more than 5,000 apartments. The two privately held companies announced the transaction on Oct. 13, but did not disclose any financial details. Going forward, Kisco Founder and CEO Andy Kohlberg will serve as CEO of the […]
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 […]
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 […]
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 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 […]
A potential buyer has bid $83.1 million to acquire the largest life plan community in Illinois after it declared Chapter 11 bankruptcy earlier this year. A company referred to as IL CCRC LLC has inked an agreement with Friendship Village of Schaumburg in Schaumburg, Illinois, to set a minimum price floor for the acquisition in […]
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 […]
WTWH Media, LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media, Inc. The two digital B2B media properties are focused on the home medical equipment industry and mobility professionals and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the healthcare sector and further enhance its ability […]
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