Inspiren, an AI-focused solutions provider for senior living, secured $35 million in Series A funding and is rolling out an emergency call system to add to its suite of capabilities. The funding was led by Avenir with participation from Primary Venture Partners, Story Ventures, Third Prime and Studio VC, and will be used to “support […]
Category: Finance & Development
Transactions Solera Senior Living acquires SageLife Solera Senior Living has expanded its portfolio with the acquisition of SageLife. According to a press release, the acquisition adds five communities in Maryland, Massachusetts and Pennsylvania to Solera’s portfolio. The addition brings Solera’s total portfolio to 14 communities in nine states. SLIB sells Georgia assisted living, memory care […]
BrightStar Care was recently acquired by an affiliate of Peak Rock Capital through a partnership with founder Shelly Sun Berkowitz. BrightStar is one of the largest providers of at-home care in the United States, with a franchise network of more than 400 locations. The company also has a senior living arm, BrightStar Senior Living, which […]
The road to future senior living development is paved with uncertainty, but the industry could be nearing a “crisis point” in the coming years if operators and capital partners aren’t able to pencil out new projects as demand remains strong over the next two years. That’s according to Confluent Senior Living Managing Director Matt Derrick, […]
Inflation is the biggest factor in driving up the average cost of assisted living, with costs for residents increasing by 10% in 2024 from 2023. That’s according to the 2024 Cost of Care Survey conducted by Genworth (NYSE: GNW) and CareScout. The report compiles cost data spanning 383 cities and towns in all 50 states […]
Transactions SRI Management adds five communities SRI Management announced it added five communities to its portfolio in partnership with Imprint Property Group. A press release states the expansion strengthens the operator’s presence in Colorado, Kansas, South Carolina and Oklahoma. The new communities include Alderbrook Village, Ashbrook Village, Aspens at Fort Collins, Creekside Village and The […]
Leaders with American Healthcare REIT (NYSE: AHR) plan to further invest in and grow the company’s senior housing operating portfolios in 2025. The Irvine, California-based company is under contract to acquire two senior living communities assets in 2025 for $70.5 million, with plans to add the communities to its SHOP segment and assign a current […]
LTC Properties, Inc. (NYSE: LTC) is seeking to scale up its senior housing operating portfolio in 2025 by converting some of its triple-net lease properties to RIDEA management structures. The company is looking to convert between $150 million and $200 million of gross investment assets currently on triple-net leases into RIDEA, with an expectation to […]
Independent living and assisted living continue to lead the way for future senior housing investment, with a recent survey showing a 24% increase in positive investment sentiment for the sector from 2024. That’s according to JLL Capital Markets’ eighth edition of the Senior Housing and Care Investor Survey and Trends report. A total of 78% […]
Transactions New York CCRC approved for sale Harborside, a continuing care retirement community in New York, has been approved for sale by a bankruptcy judge. Court documents state the community has been acquired by Focus Healthcare Partners LLC. The documents state the community was acquired for a total of $82 million. Curt Schaller, co-founder and […]
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