Long-term care pharmacy Omnicare has filed for Chapter 11 bankruptcy. Omnicare is a subsidiary of CVS Health (NYSE: CVS) and provides pharmacy services to the long-term care market, including skilled nursing facilities, independent living communities and assisted living communities. The business is entering into Ch. 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the […]
Category: Finance & Development
Nonprofit senior living providers say they will intend to keep growing in 2025, mostly by adding new units, while financial concerns continue to cause them worry. That’s according to the 2025 Ziegler CFO Hotline survey on Growth Projections. For the survey, released this week, researchers analyzed answers from nearly 200 nonprofit senior living CFOs and […]
The Federal Reserve on Wednesday cut interest rates by 25 basis points and signaled potentially more rate cuts to come this year. The move could spur more senior living lending and fuel M&A or construction growth plans ahead. On Wednesday, the U.S. Federal Reserve lowered the target range for the federal funds rate by a […]
Transactions Sonida purchases Dallas community for $15.6M Sonida Senior Living has closed on a Dallas-Fort Worth senior living community for $15.6 million. According to a press release, the purchasing price was “a significant discount to replacement cost.” The transaction was funded with cash on hand. The acquisition brings Sonida’s Texas portfolio up to 21, with […]
Editor’s Note: Below is a compilation of six senior living executives that will be speaking at the 2025 BUILD-BRAIN conference in Dallas, Texas. Hear more insights like these during our two-day event. Tickets are available here. The landscape for senior living development heading into 2026 is a mix of both opportunities and challenges. High interest […]
Transactions Distinctive Living expands with joint venture Distinctive Living announced it formed a strategic joint venture with Seascape at Naples in partnership with a West Coast leading global investment firm. With having an ownership stake in the 198-unit community, Distinctive Living “assures greater alignment with capital partners,” a news release states. “Seascape at Naples will […]
Senior living operators and their ownership groups may still have opportunities to increase pricing as development rates deplete new supply. This scarcity will give providers more pricing power, according to Ventas (NYSE: VTR) Executive Vice President, Senior Housing Justin Hutchens. “Pricing opportunity goes up as scarcity goes up, which is very logical,” Hutchens said during […]
Senior living development and real estate company Gallaher Companies launched Gallaher Signature Living, a new senior living management platform. The company also announced a $1 billion development pipeline over the coming years, according to GSL CEO Page Ensor. Through GSL, the new management company will oversee operations for Gallaher Companies’ growing number of luxury senior […]
Transactions Town Lane purchases Venice community New York-based real estate investment firm Town Lane has purchased The Goldton at Venice. The transaction marks Town Lane’s third senior living acquisition in the region, according to reporting from Business Observer. The 167-unit community was sold by Venice Health Partners LLC. Blueprint facilitates Alabama sale Blueprint announced its […]
Transactions JLL sells Atria community JLL Capital Markets announced it sold Atria at Foster Square, a 155-unit senior living community in Foster City, California. The community was built in 2016 as part of a mixed-use master-plan town center development, a press release states. Artemis Real Estate Partners bought the property in partnership with Atria Senior […]
Subscribe
Receive industry updates and breaking news from SHN