Two U.S. senators from Massachusetts and the chair of the House Oversight Committee are asking some of the largest providers of senior living in the U.S. to provide more information about their Covid-19 infection rates and response measures. Sens. Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.) and Rep. Carolyn Maloney (D-N.Y.) this week sent a letter […]
Atria Senior Living
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
The impact of the Covid-19 pandemic has yet to seriously impact the construction industry, but experts believe that it is a matter of when, not if, the crisis will have deleterious effects on construction timetables, supply chains and an already shallow labor pool. For expensive construction projects such as senior housing, that can lead to […]
New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]
Welltower (NYSE: WELL) and Atria Senior Living are involved in the mixed-use tower development by Related Companies and the real estate firm of former New York Governor Eliot Spitzer near the Hudson Yards mega-redevelopment. Related, the New York-based real estate developer, announced the strategic partnership in a press release on Wednesday, February 5. In June […]
Ventas (NYSE: VTR) is pitching for sale a portfolio of eight Atria Senior Living communities in six states, at a value of about $400 million. That’s according to real estate publication Real Estate Alert, which cited recent marketing materials in its reporting. Ventas confirmed to Senior Housing News that the communities are being marketed for […]
A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]
Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. […]
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]