Solinity Expands Middle-Market Efforts with New Enrich Senior Living Brand

The competition for middle-market senior housing in the Southeast continues to heat up, with a growing operator adding a new brand to its strategy, through a partnership with a capital firm making its entry into senior living. Knoxville, Tennessee-based Solinity announced the formation of Enrich Senior Living, a joint venture with Chicago-based 29th Street Capital, […]

Transactions & Financings: Senior Living Communities’ $35M CCRC Acquisition; Sunrise Acquires New Jersey Site

Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]

HumanGood CEO: We’ve Always Had National Ambitions

HumanGood’s new affiliation with Presby’s Inspired Life serves dual purposes: creating an organization with national scale that could further expand, with a platform to create an offering for an overlooked segment of the middle market. That platform revolves around the existing affordable housing portfolios of both companies, as well as the capabilities of HumanGood’s in-house […]

Silverado Sells Its Home Care Business in California

Irvine, California-based memory care provider Silverado has reached an agreement to sell almost the entirety of its home care business, Silverado At Home. The transaction will be effective on or about July 8, according to a statement Silverado shared Friday with Senior Housing News. San Francisco-based Home Care Assistance (HCA) is acquiring the business. HCA […]

Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

HumanGood, Presby’s Affiliation to Create 6th-Largest Senior Living Nonprofit

The largest non-profit senior living provider in the state of California, HumanGood, will be extending its reach to the East Coast through a planned affiliation with Presby’s Inspired Life. The combined entity will be the sixth-largest national non-profit senior living provider, the organizations stated Monday in announcing the affiliation. Pleasanton, California-based HumanGood serves nearly 10,000 […]

Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

NHI, Discovery Entering $128M, 6-Property Joint Venture

National Health Investors (NYSE: NHI) is strengthening its relationship with Discovery Senior Living. The Murfreesboro, Tennessee-based health care real estate investment trust announced a $128.4 million joint venture with the Bonita Springs, Florida-based provider to acquire six properties in Indiana, Maryland and Pennsylvania. NHI is also committed to a $6 million senior mortgage for an […]

Ventas Acquires 85% Stake in $1.8 Billion Canadian Senior Housing Portfolio

Ventas (NYSE: VTR) has agreed to acquire a Canadian senior housing portfolio of 31 existing properties and four in development through an 85%/15% equity partnership with Le Groupe Maurice (LGM). The total portfolio, including the in-progress developments, is valued at $1.8 billion. Ventas’ investment will equal 85% of the total portfolio valuation, as well as […]

Capital Senior Living Reportedly Rejected Multiple Bids from TPG

Capital Senior Living (NYSE: CSU) rejected several acquisition overtures from private equity firm TPG during recent months, Bloomberg reported Friday. Bloomberg cited unnamed sources with knowledge of the matter. TPG and Capital Senior Living declined to comment for this article. Shares of Capital Senior Living were up 19.44% as of mid-day Friday, trading at $4.30 […]