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 […]
Category: Acquisitions
With $1.2 billion in investments year-to-date and a near-term $1.5 billion pipeline, Welltower is off to a historically active start this year — and the company’s “coiled spring” recovery has only just begun. Senior housing revenue and occupancy increased in the first quarter of 2022, and at the same time, the Toledo, Ohio-based real estate […]
Sales ESI Arranges Sale of Colorado Community Evans Senior Investments announced it has successfully arranged the sale of The Kipling Meadows in Aurora, Colorado. Kipling Meadows is a 120-unit independent living community that averaged 86% occupancy in the three months prior to the sale and was producing cash flow. ESI, which represented the seller, a […]
Real estate development and management firm Lloyd Jones is pivoting in a big way by selling most of its multifamily portfolio and deploying those dollars in senior living communities. The company plans to dispose of about 80% of its multifamily holdings while at the same time rapidly expand its holdings in the senior living industry, […]
Senior living engagement technology firm iN2L has purchased LifeLoop in a move to unite platforms and offer a more integrated option for providers. The sale, which closed on March 31, 2022, represents iN2L’s long-term strategy for continued growth with the goal of offering a comprehensive senior living technology solution. That strategy will include further mergers […]
Cogir Management USA is in growth mode, undertaking its first ground-up development project and also acquiring new buildings, all while enhancing and highlighting its approach to care. In fact, CEO David Eskenazy believes that one positive legacy of the Covid-19 pandemic is that providers are no longer trying to hide their health care capabilities from […]
National Health Investors (NYSE: NHI) has cleared a hurdle in its effort to transform its senior housing portfolio into a “jewel box” and reached a new company milestone in the process. The company this week announced it had reached a settlement agreement with Welltower (NYSE: WELL) over litigation filed late last year. In its initial […]
UnitedHealth Group (NYSE: UNH) has agreed to buy LHC Group (Nasdaq: LHCG) in a deal valued at more than $5.4 billion. With the move, UnitedHealth is combining Lafayette, Louisiana-based LHC Group – one of the largest home health providers in the U.S. – and its Optum health care services arm, which is already integrated into […]
Behavioral residential health provider Beacon Specialized Living has entered the senior living industry by acquiring an assisted living and memory care operator based in Minnesota. Beacon last week announced it had acquired senior living operator Hometown Senior Living and its portfolio of seven assisted living and memory care communities located in small towns just east […]
Depressed occupancy, staffing shortages, higher expenses, compressed margins, community age — these are some of the forces that have affected senior living valuations in the age of Covid. According to the latest data from senior housing and health care real estate advisory services firm HealthTrust, average senior living sale prices per unit dipped slightly last […]
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