In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Five Coolest Senior Care Tech Unveiled at CES 2014—SHN took a look at the senior care tech making waves at this year’s Consumer Electronics Show. From home-based care to wearable devices, we tallied our top five. […]
Assisted Living Concepts
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Is Happy Hour the Key to Attracting Boomers into Senior Living?—A Forbes columnist looked into the appeal of assisted living and independent living communities that have liquor licenses, and posed the question of how necessary they […]
A United States District Court judge has approved a proposed $12 million settlement resolving a class-action lawsuit against Assisted Living Concepts and its former chief executive officer Laurie Bebo, the Milwaukee Journal Sentinel reports. Assisted Living Concepts and Bebo agreed to pay the $12 million cash settlement in early September. Judge J.P. Stadtmueller approved the […]
Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]
Assisted Living Concepts, Inc. and its former CEO have agreed to pay $12 million in cash to settle a class action lawsuit alleging the company’s executives misled shareholders as to the operator’s financial footing and regulatory compliance, according to court documents filed last week in Wisconsin. Filed in the United States District Court in the […]
Assisted Living Concepts’ new CEO is touting staff training and technology deployment as key focuses of the newly-private company as it enters a “new era.” “As a private company over the next 100 days, our first effort will be to work with employees to jointly develop a new and clearly articulated mission, strategy, and culture […]
NHI Acquires Assisted Living Community for $15.3 Million National Health Investors (NYSE:NHI) announced on Monday the $15.3 million acquisition of an assisted living community in Marysville, Ohio that will be leased to Emeritus Senior Living (NYSE:ESC). The Inn at Halcyon Village is a 76-unit assisted living and memory care community built in 2009. The lease […]
Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of […]
Assisted Living News From the Times-News (Ida.)—Assisted Living Concepts Community Regains License, Opens Doors “A year after Chaparelle House closed its doors, the assisted living facility received its license back and is reopening. In April 2012, the Idaho Department of Health and Welfare revoked the license for the Twin Falls assisted living facility, which forced 18 […]
Despite entering into an agreement last month to be acquired by private equity firm TPG for $278.8 million, Assisted Living Concepts (NYSE:ALC) isn’t out of the woods yet. The Menomonee Falls-based assisted living provider reported a net loss of $2.6 million in the fourth quarter ended Dec. 31, 2012, compared to a net income of $7.3 […]
Subscribe
Receive industry updates and breaking news from SHN