Terry Rogers to Become CEO of Westminster Communities, Exit CLC/Cappella

Christian Living Communities (CLC) President and CEO Terry Rogers is stepping down from his post at the Englewood, Colorado-based senior living provider and leaving for warmer weather. In April, Rogers will take on a new role as CEO of Orlando, Florida-based senior living nonprofit Westminster Communities of Florida. The organization has 22 senior living locations […]

College’s $45M Development Puts Students, Senior Housing Under One Roof

A small Wisconsin Catholic university will break ground this summer on a $45 million intergenerational housing development combining independent and assisted living for seniors and nuns, with housing for single mothers pursuing degrees at the school. The development at Mount Mary University in Milwaukee will serve the dual purposes of establishing a support system for […]

Senior Living Innovators Zero In On Small Homes, Pocket Neighborhoods

When it comes to senior living communities, bigger is sometimes better. But as senior care innovator Dr. Bill Thomas remarked last year, the so-called “big box” model of senior living is no longer the only option for residents. Architects, capital providers, operators and entrepreneurs are exploring new concepts for smaller, more intimate styles of senior […]

Senior Lifestyle’s 24 Senior Suites Communities Hold Lessons For Middle-Market, Affordable Development

A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]

CCRCs Face Hefty Taxes Under Medicaid Proposal, Residents Push Back on CMS

Continuing care retirement communities (CCRCs) around the country are facing a potential Medicaid policy change that could result in new tax bills running to six or seven figures — and their residents are speaking out. The potential change stems from a proposed rule issued in Nov. 2019 by the Centers for Medicare & Medicaid Services […]

Welltower, Ensign Group Drive 2019 Long-Term Care M&A Activity

Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]

Transactions & Financings: Asbury Communities’ $96M Bond Refinancing; LTC’s AL Acquisitions

HJ Sims closes $96M financing package for Asbury Communities HJ Sims closed on a $96.12 million bond refinancing for Asbury Communities’ senior housing communities in Pennsylvania: Bethany Village in Mechanicsburg; and Springhill in Erie. Sims assisted Asbury the communities’ outstanding Series 2010 Bonds on their first optional redemption date of January 1. Sims successfully priced […]