(This story has been updated with a July 14 statement from Affinity) Two senior living providers are targeted in a lawsuit alleging they defrauded the U.S. and the state of North Carolina out of more than $60 million. That’s the gist of the suit, which was recently unsealed and claims that the senior living operators […]
Affinity Living Group
CA Ventures Hires Chief Development Officer Chicago-based real estate investment holding company CA Ventures recently named Sean Spellman as its new chief development officer. In his new position, Spellman will be responsible for executing a multi-sector pipeline that includes almost 30 projects valued at more than $2 billion across the U.S. The role was previously […]
Senior living communities can no longer just give great care to residents. Providers now must go above and beyond to make sure residents feel supported and are also having a great time, company leaders said at the annual Argentum Senior Living Executive Conference in Nashville last week. Twenty years ago, if a service delivery failed, senior […]
Happy Monday! It’s a busy time in the senior housing industry as public companies begin to share their latest financial results. It’s also a busy time in “funny hat” news, due in part to one half of an athletic elderly couple. Here’s what you may have missed last week: HCP Inc. (NYSE: HCP) is on […]
Six years after its founding in 2010, Meridian Senior Living was growing successfully and had become one of the largest providers nationally, but its executives found that its future direction was not clear. The solution: It split into two separate entities, Meridian Senior Living and Affinity Living Group. Now that Affinity is up and running and certain […]
This year, the rankings among the top 10 largest senior living providers remain unchanged—despite the fact that the single biggest player shed a significant amount of resident capacity. Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) once again came out on top in terms of size, with a capacity for 101,965 residents across a total of […]
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