Senior Living Operators Plan to Up Tech Budgets With Focus on Health Care, Staffing

Health care payments and a need to better communicate with and engage staff are having an outsized impact on the kinds of technology investments senior living operators expect to make in the coming year. That’s according to a new Senior Housing News survey recently published in collaboration with senior living technology company CarePredict. On the […]

Transactions and Financings: Onelife Enters Chicago; SLIB Sells Midwest Portfolio

Acquisitions Onelife enters Chicago with seventh acquisition Family-owned developer and operator Onelife Senior Living entered the Chicago area with the acquisition of the former Springs of Vernon’s Hills Alzheimer’s Special Care Center. Following the acquisition, the community was renamed to The Laurel at Vernon Hills. According to a press release, Onelife retained all staff during […]

Welltower, Chartwell End JV, Split Ownership of Portfolio in Canada

Welltower (NYSE: WELL) and Chartwell Retirement are ending a joint-venture arrangement and dividing a senior living portfolio the companies owned together under that agreement in Canada. Chartwell is handing ownership of 23 assets to Welltower in exchange for the Toledo, Ohio-based real estate investment trust’s (REIT’s) interest in 16 assets and a payment of $97.2 […]

Why Alzheimer’s Could Be Near Its ‘Magic Johnson Moment’ in Becoming Manageable Condition

When basketball legend Magic Johnson announced in 1991 that he had been diagnosed with HIV, the news carried the weight of a nearly certain death sentence. But of course, Johnson would be fortunate enough to survive until the advent of effective treatments, and he is living a full life three decades after his diagnosis. It’s […]

Occupancy, Margins, Alignment: How Sinceri Senior Living is Gearing Up for 2024

Sinceri Senior Living has its sights set on “double-digit occupancy growth” next year in a bid to widen margins further into 2024 — and CEO Chris Belford is feeling optimistic. Vancouver, Washington-based Sinceri has already surpassed pre-Covid levels in occupancy and all operating metrics are trending positive, Belford told SHN during a recent interview at […]

Transactions and Financings: JLL Leads $28M Refinancing; Innovation Acquires Two AL Communities 

Transactions JLL Capital Markets leads $28 million refinancing for Texas community JLL Capital Markets announced that on Oct. 25, it arranged a $28 million senior mortgage for The Landing at Augusta Woods in Spring, Texas. The four year fixed rate loan will be used to refinance an existing construction loan and fund an expansion for […]

Future Leaders: Courtney Hancock, Vice President of Clinical Services at Validus Senior Living

The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Courtney Hancock, vice president of clinical services […]

Senior Living Care Coordination Platform Sage Raises $15M in Series A Funding

A senior living tech company focused on care coordination has raised millions more dollars in its latest funding round. Sage on Wednesday announced that it had raised $15 million in Series A funding thanks to Maveron, a new investor. The company’s other major investors include Goldcrest Capital, Animo Ventures and Distributed Ventures. The funding will […]

Milestone Retirement Under New Ownership, Looking to Expand in Middle-Market Sector

Milestone Retirement Communities is under new ownership, and the company’s top leader is focusing on a middle-market growth strategy in the years to come. Milestone CEO Caryl Ridgeway in July assumed ownership of the senior living operator along with her husband, Scott Ridgeway, who is slated to become the company’s top technology officer. Prior to […]