As headwinds continue to batter the senior housing industry, some not-for-profit providers are looking to partnerships or mergers as a way to grow scale in order to thrive — or in some cases, simply survive. “In the last three years, a number of organizations are saying, we could go on independently … but where do […]
One of the nation’s largest not-for-profit senior living providers, Acts Retirement-Life Communities, will be extending its reach into a new region through an affiliation with another not-for-profit provider, Integrace. The two organizations announced the planned affiliation on Monday. The affiliation is set to close on May 1, 2019. Based in West Point, Pennsylvania, Acts operated […]
The Ensign Group Acquires Two Texas Assisted Living Facilities The Ensign Group, Inc., parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has announced that its assisted and independent living portfolio company acquired the real estate and operations of two 37-unit AL facilities […]
Acts Retirement-Life Communities has named company veteran Gerald T. Grant as its new president and CEO, the organization announced Thursday. The Pennsylvania company’s former CEO, J. Mark Vanderbeck, passed away unexpectedly in early May. Grant was named as the company’s interim CEO at the time. Grant has worked at Acts for almost 30 years, most recently in […]
Living Care Senior Housing Development Sells Texas Assisted Living Community for $7.86 Million Evans Senior Investments (ESI) announced it arranged Living Care Senior Housing Development’s sale of The Lodge at Quail Park, an assisted living community in Frisco, Texas, for $7.86 million. The 64-unit community was built in 2001 and is located about 27 miles outside […]
The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on […]
Mainstreet Hires 3 New Team Members Mainstreet, a developer of post-acute health care properties, hired three new employees at its Carmel, Indiana-based headquarters. Susan Berry will be vice president of business development for Mainstreet Health. She most recently served as the director of operations with IPC Healthcare, and before that, she was the director of […]
The U.S. health care system is changing in big ways, and senior living companies have much to contribute in the dawning era—but it hasn’t been easy for them so far. They have not been allowed to participate in some of the emerging models of care affecting their residents, and now is the time for senior […]
Spring has sprung here in Chicago—but just as exciting for us and our readers, it’s earnings season. Among the stories to get a lot of attention this week, executives with Five Star Senior Living gave some details on a new dynamic pricing initiative during the company’s earnings call. Readers also were interested in what senior […]
New development isn’t the only way to meet an uptick in demand for independent living in the post-recession era. These days, higher occupancy rates and aging buildings are driving more providers to revamp existing properties to attract today’s seniors. Given that independent living and continuing care retirement communities (CCRCs) were predicted to lead the way in terms […]
