Sales and operator transitions Commonwealth Senior Living acquires Virginia assisted living facility Commonwealth Senior Living acquired Cedar Manor Assisted Living, an assisted living facility in Chesapeake, Virginia including 60 assisted living beds and 12 memory care beds. The community will be rebranded as Commonwealth Senior Living at Cedar Manor. Immediately after the holiday season, the […]
Category: Finance & Development
Anthology Senior Living is bullish on senior living communities that include access to the full continuum of care, and a newly opened community near Cleveland offers a glimpse into the provider’s future. The provider — which manages develops, acquires, and operates communities as an affiliate of Chicago-based real estate developer CA — is currently moving […]
Leaders with Bridge Senior Living believe that the Covid-19 pandemic is widening the gap between the best operators and the rest of the pack — and in the future, capital providers and consumers will flock to those top performers while avoiding the rest. “We think that the distance between the top-tier operators and the non-top […]
Having a vertically integrated senior housing development and operations business is not for everyone — but for two Chicago-based companies, doing so has been valuable. The example of these firms — CA and Vermilion Development — shows how vertical integration can help drive success in an increasingly complex industry, and can support efforts such as […]
A group of senior living and real estate industry veterans are launching a new company centered on helping seniors live their “next act.” Boise, Idaho-based Wellness Enhanced Lifestyle Living (WELL) is the brainchild of Ryan Haller, former chief development officer at Avamere and founder of its Ovation venture; Dave Mazurek, founder of Sterling Bay’s senior […]
Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]
Commonwealth Senior Living again helped Invesque (TSX: IVQ.U and IVQ) buoy an earnings period challenged by Covid-19. The portfolio, which Invesque acquired for $340 million last year and now includes more than 30 senior living communities, saw an occupancy decline of just 10 basis points in the third quarter of 2020 while holding steady on […]
National Health Investors (NYSE: NHI) has extended additional rent deferrals to Bickford Senior Living, and executives with the real estate investment trust (REIT) are keeping their options open in terms of further tenant support given the unpredictable nature of Covid-19. “We’re unwilling — so to speak — to make long-term decisions at what we hope […]
Brookdale Senior Living (NYSE: BKD) President and CEO Cindy Baier touted a fresh round of aid from the federal government and new progress on the Covid-19 vaccine as signs that the company is on the right footing to weather the pandemic. Leaders with Brentwood, Tennessee-based Brookdale on Tuesday reported the company has received $67.5 million […]
Covid-19 has clouded financial outlooks for senior living providers across the country — and perhaps nobody knows that quite like the industry’s chief financial officers. In recent months, a spate of senior living providers have named new CFOs amid a financial landscape complicated by the pressures of the pandemic. Among the organizations with newly appointed […]