Bill Pettit, a senior living veteran, is branching out with his son to found a new senior housing consulting and investment firm known as Black Dog Capital Advisors. Pettit believes that senior living opportunities are more plentiful than ever, with “more money and profitable returns to capital in the next 5 to 10 years than […]
Category: Acquisitions
Acquisitions National Church Residences Buys Near Atlanta National Church Residences announced it finalized the purchase of a senior living community located on a larger campus called Christian City in Union City, Georgia. The community — called Garden Terrace — adds 20 affordable senior living units to the National Church Residences portfolio and brings its total […]
Clearwater Living has acquired four senior living communities in the Phoenix area, marking the company’s first venture into Arizona and Liv’s overall exit from the industry. The portfolio consists of 554 IL, AL and memory care units previously owned and operated by Liv Communities and marketed under the brand name LivGenerations. With the sale, Clearwater […]
The need for more size and sophistication in the age of Covid. A senior living M&A market that is tilting toward buyers. The end of “extend and pretend.” These are just some of the forces pushing more senior living operators to consider joining forces in 2022 through mergers or acquisitions. But when I spoke with […]
Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]
ProMedica’s senior care portfolio is being pared down substantially. The Toledo, Ohio-based organization will continue to operate 58 Arden Courts memory care communities that are in a joint venture with Welltower (NYSE: WELL), but is shedding nearly 150 skilled nursing assets. More specifically, Welltower is selling and transitioning 147 skilled nursing facilities currently operated by […]
Lifespark is acquiring in-home health company Livio Health in a move that will both link it to insurer Blue Cross and Blue Shield of Minnesota and further its value-based care strategy. With the deal, St. Louis Park, Minnesota-based Lifespark is gaining Livio as a new home health company as well as 1,500 patients and a […]
Senior living operators Cogir and Cadence Living are joining forces. Cogir, the U.S. based subsidiary of Montreal-based real estate company Cogir Services, is buying out Cadence Living’s shareholders, the two companies announced on Tuesday. Terms of the deal were not disclosed. The move will create a new company that has a combined 60 communities totaling […]
EmpowerMe Wellness is buying ONR Therapy in a deal that will position the St. Louis-based company as among the country’s largest senior living therapy providers. The combined company will offer therapy, diagnostic, pharmacy, and care coordination services in approximately 1,100 clinics in senior living communities across 36 states, with a headcount totaling 2,800 team members. […]
A newly launched senior living investment and operating company has plans to acquire distressed assets in a pipeline targeted at $500 million over the next roughly five years. The company, Endeavor Senior Living, launched on Aug. 1. But it already has five deals in the works and a number of others under letter of intent, […]
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