Sunrise Senior Living is set to dole out more than £2 million—roughly $2.7 million in today’s exchange rate—to many residents who reside at its United Kingdom care homes. The UK government’s Competition and Markets Authority (CMA) helped arrange the deal, which applies to all residents who paid the senior living provider’s mandatory “upfront” fees since […]
Category: International
The deadline to enter the 2016 Senior Housing News Architecture & Design Awards is quickly approaching and time is running out to enter your community. Nominations are now open for the 2016 competition, but hurry—all entries must be submitted by November 11, 2016. This highly-anticipated awards competition returns for the fourth year to recognize cutting-edge […]
Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]
Interest in China’s senior housing market is growing, with an increasing number of prospective residents planning for the future and investors looking to secure a piece of the pie in the world’s largest economy. And demand for senior housing might boom in just one generation, thanks to shifting perceptions among one particular group: China’s young […]
Canada’s senior housing sector continues to attract big money from both national and U.S. investors looking to capitalize on the market’s robust opportunities for acquisition and development. For some players, including one Montreal-based senior housing owner-operator-developer, the opportunity is to the tune of more than $1 billion. The reach is so big, that this provider […]
Sometimes taking one step back means taking two steps forward. At least that was the case with Lisa Brush, whose more than 20-year career includes time at Sunrise Senior Living, its REIT counterpart, and Ventas. When Brush launched her career in senior housing at the ripe age of 22, it didn’t take long for her […]
A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]
Today Health Care REIT (NYSE: HCN) and Revera, Inc. announced they have entered into an agreement to acquire Canadian senior housing operator Regal Lifestyle Communities Inc. (TSX: RLC) for $623 million through an existing 75/25 joint venture between the two companies. The Toronto, Ontario-based Regal owns and operates 23 senior housing communities with more than […]
As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]
After more than 40 years of providing senior living services to Canadian seniors, Ontario’s largest owner-operator says it’s time for a name change—to one that doesn’t conjure images of a theme park. On May 1, Ontario-based Leisureworld Senior Care Corporation (TSX: LW) officially started doing business as Sienna Senior Living, Inc., a week following the […]
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