Financial distress among hotels during the pandemic and persistent barriers to new development have created opportunities for senior living conversion projects. Though hotel reuse projects are typically one-off opportunities, there are companies looking to acquire and repurpose hotels as part of their growth strategies. Two in particular, Lloyd Jones and Solvida Development Group, have made […]
Retail giant Amazon (NASDAQ: AMZN) is buying One Medical, a tech-enabled primary care provider, in a cash transaction valued at about $3.9 billion. With the acquisition, Seattle-based Amazon is gaining a platform for users to schedule appointments, renew prescriptions and access health records. As of March 31, One Medical had about 767,000 members and a […]
Lifespace Communities plans to buy three senior living communities in Texas, furthering a growth strategy laid out by President and CEO Jesse Jantzen last year. The senior living nonprofit on Wednesday announced it has finalized an agreement with a private equity investment group to acquire three communities operated by ER Senior Management: Meadow Lake, a […]
With a portfolio of four senior living communities and more to come soon, Trustwell Living is starting to put the pieces together on a long-term growth strategy. The New York City-based company, founded in 2021 by several executives who previously worked for the operator formerly known as Capital Senior Living, now owns and operates four […]
Acquisitions Lloyd Jones Acquires Historic Connecticut Community Lloyd Jones announced it has acquired Hamilton Heights, marking the company’s fourth senior housing purchase since February. The community will operate under Lloyd Jones’ Aviva brand under the banner of AVIVA West Hartford Hamilton Heights — a 113-unit senior living community in West Hartford Connecticut — was formerly […]
Private equity firm Growth Catalyst Partners has merged three companies that assist prospective senior living residents and their families under the umbrella of a new senior assistance platform called SilverAssist. Specifically, the company is combining three recent and strategic acquisitions: Elderlife Financial Services, which provides financial assistance to help residents pay for senior living; Care […]
Real estate investor and service provider Foundry Commercial has acquired from HHHunt Spring Arbor Senior Living and its 24 assisted living and memory care communities in the mid-Atlantic. The move nearly doubles Foundry’s senior living portfolio, which before the announcement stood at 22 communities. Capital Funding arranged financing for the transaction. Foundry declined to disclose […]
After growing a base of operations during the Covid-19 pandemic, Navion Senior Solutions is turning its focus in 2022 to honing its operations. The Raleigh, North Carolina-based operator grew from a handful of communities to 36 during the Covid-19 pandemic, and that growth is set to continue with one community currently under construction and another […]
Heritage Senior Living has named a new COO to help position the company for growth as it looks to recover from the Covid-19 pandemic. The company’s new COO, Tammy Schafer, came aboard in 2019 as vice president of operations and has over the years overseen the company’s 15 communities in Wisconsin. s Her first task […]
Transactions The Green House Project and the Pioneer Network Team Up The Green House Project and Pioneer Network announced they would enter into a formal alliance with the goal of sparking cultural, organizational and physical change in senior living and senior care. The two brands share roots and have long worked together. The Pioneer Network […]
