Ted Meylor Assumes Role of CEO for RED Capital Group RED Capital Group, LLC and ORIX USA Corporation announced recently that Edward “Ted” J. Meylor will be assuming the role of CEO for RED Capital Group, as Mike Moran, current CEO, transitions back to the parent company, ORIX USA. Moran was named as chairman and […]
Category: Management & Operations
Top news organizations around the country recently ran these must-read stories related to senior housing. Harrisburg Police Discover Drug Activity in Senior Living Apartments—High-rise senior living apartments in Pennsylvania’s capital are a hotbed of the local heroin trade, police say. The problem is a combination of aging Baby Boomers “continuing what they know” and younger […]
In case you missed them…. here are the top headlines grabbing Senior Housing News readers’ attention this week. ‘Uber for Home Care’ Raises $20 Million from Investors—A home care startup, Honor, has raised $20 million from a roster of high-profile investors to launch a product that aims to transform how professional caregivers connect with and […]
While a deal remains to be seen, it’s clear Brookdale Senior Living (NYSE: BKD) shareholders and investors are “stirring the pot” when it comes to the company’s massive real estate portfolio — and senior management isn’t ruling out any possibilities. After months of lead shareholder Sandell Asset Management Corp. prodding Brookdale to spin off its […]
With the cost of assisted living care increasing dramatically on a national basis, this senior living option remains most expensive in Washington, D.C., according to the 12th annual Cost of Care Survey from Genworth. “The survey shows a dramatic increase in facility based care, including assisted living and nursing home facilities, while the cost to […]
The Assisted Living Federation of America (ALFA) is forming an independent credentialing organization that will operate and govern certification programs for senior living providers. Established separately from the organization, the new credentialing push is the latest in a series of initiatives the senior living trade association has been developing over the past year, which has seen […]
Memory care is set to boom, but not all operators are jumping on the trend in the same way. Some providers are ramping up development of stand-alone memory care models, while others are expanding existing facilities or building new ones to add memory care to existing senior housing communities. The majority of senior housing leaders […]
NHI’s Justin Hutchens Makes List of ‘Most Powerful CEOs’ For the fourth consecutive year, National Health Investors’ (NYSE: NHI) CEO and President Justin Hutchens has made Forbes’ lists of America’s Most Powerful CEOs 40 and Under, ranking 14th, 8th, 18th and 13th, respectively. The 20 CEOs listed hail from publicly traded companies that have CEOs […]
Ventas, Inc. (NYSE: VTR) announced early Monday morning it will acquire Ardent Health Services, Inc., one of the 10 largest for-profit hospital companies in the U.S., for $1.75 billion in cash. Owned by private equity funds, Ardent owns and operates leading health systems across the U.S. and generates approximately $2 billion in annual revenue with more than half coming from private […]
Omega Healthcare Investors, Inc. (NYSE: OHI) has completed its acquisition of all of the outstanding shares of Aviv REIT, Inc. (NYSE: AVIV), finalizing a high-profile stock-for-stock merger that creates a real estate investment trust (REIT) with total market capitalization of approximately $11.1 billion, Omega announced Wednesday. The deal forms a combined company with equity market […]
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