Prime Healthcare has agreed to buy a small handful of Ascension Living communities as well as nine hospitals belonging to the larger Ascension health system. Prime is with the deal picking up four Ascension Living communities for senior living and care residents in Aurora, Joliet, Kankakee and Park Ridge, Illinois. The deal also included nine […]
Category: Non-Profit
Senior living nonprofits have adjusted their technology spending priorities in the last year, with fewer dollars allocated to community infrastructure in 2024, for example. That’s according to the latest Ziegler CFO Hotline report on technology spending, which is released every two years with input from LeadingAge’s Center for Aging Services Technologies (CAST). Among the survey’s […]
When Christian Horizons CEO Kate Bertram took the reins about a year ago, the nonprofit was still grappling with its pandemic recovery. Those challenges eventually culminated in the organization filing for Chapter 11 bankruptcy and planning to restructure. The St. Louis-based organization lost as many as a third of its new residents and short-term rehabilitation […]
Christian Horizons has filed for Chapter 11 bankruptcy after facing operational pressure related to declines in new resident volume, staffing shortages and cost increases. The St. Louis-based organization this week announced its plans to file for bankruptcy and undergo a restructuring. The nonprofit has 12 communities with independent living, assisted living and memory care services, […]
Most non-profit senior living providers conduct annual reviews to evaluate the pay of executives, with a board of director review serving as the most common way to do so. That’s according to the latest Ziegler CFO Hotline survey from Ziegler. The survey included feedback from 240 respondents. The majority of respondents, more than 84%, said […]
Senior living operator Lutheran Senior Services (LSS) has signed an agreement to affiliate with another nonprofit in a move that CEO Adam Marles said will help the organization better prepare for the coming two decades. LSS recently announced its intent to affiliate with the senior living communities operated by Diakon, a Lutheran-aligned senior living operator […]
New Jersey not-for-profit FellowshipLIFE is continuing the growth it saw in 2023 through an agreement with a regional health care provider, which brings another community into its portfolio. The agreement, completed with CentraState Healthcare System, will transfer the organization’s Applewood community to FellowshipLIFE, which will assume its operation and management in mid-2024. “It’s about driving […]
Goodwin Living’s future lies in expanding health service offerings as the senior living provider keeps its focus on staffing and other operational efforts. The Alexandria, Virginia-based organization is a faith-based nonprofit that operates three communities in the northern Virginia area serving approximately 1,100 residents with a full continuum of care. Goodwin Living also manages a […]
As the era of the single-site and small-system operator comes to a close, organizations are increasingly looking to scale by affiliating with one another. While operators have long sought affiliations as a creative way to grow – particularly on the nonprofit side of the industry – the challenges of operations in recent years have pushed […]
A potential buyer has bid $83.1 million to acquire the largest life plan community in Illinois after it declared Chapter 11 bankruptcy earlier this year. A company referred to as IL CCRC LLC has inked an agreement with Friendship Village of Schaumburg in Schaumburg, Illinois, to set a minimum price floor for the acquisition in […]
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