Senior Housing Investments & Transactions: Senior Living Investment Brokerage, PharMerica

Senior Living Investment Brokerage Sells $850,000 Skilled Nursing Facility in Texas Senior Living Investment Brokerage, Inc. Managing Director Matthew Alley sold a 62-bed skilled nursing facility in Poteet, Texas, for $850,000. The facility was bought by a non-profit entity looking to expand its seniors housing presence. “This nursing home, while struggling with census, was a geographic fit […]

BayBridge Acquires Amica for $578 Million in Latest Canadian Mega-Deal

Following months of sagging stock prices and riding the wave of consolidation in the senior housing industry, Vancouver-based Amica Mature Lifestyles Inc. has agreed to a a buyout by BayBridge Seniors Housing. The transaction totals more than $500 million Canadian dollars, and moves Amica from the public to the private sector.  Under the agreement announced Wednesday, Amica […]

Senior Living Execs Slam Referral Companies

Third-party senior living referral services, which send residents in the direction of operators that pay their fees, are not good for the sector and should be spurned by large operators, according to several prominent CEOs in the senior housing industry. These third-party brokers are “popping up like mushrooms,” Chartwell Retirement Residences President and CEO Brent […]