Benchmark Appoints COO, CFO; Milestone Retirement Names COO

Benchmark Senior Living and Milestone Retirement Communities announced a flurry of executive personnel changes Tuesday, resulting in C-suite changes for both companies. Waltham, Massachusetts-based Benchmark has named Jerry Liang to the role of executive vice president and CFO and John Hartmayer to the role of executive vice president and COO. Liang’s hiring is effective immediately, […]

Transactions & Financings: LCS Assumes Operations of Rose Senior Living; United Church Homes’ New Development Venture

Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]

Transactions & Financings: Capital Senior Living Sells Ohio Community; NHI’s $22M Development Loan

Sales and operator transitions Capital Senior Living completes $18M sale of Ohio community Capital Senior Living (NYSE: CSU) completed the sale of a senior living community in Canton, Ohio. The sale price was $18 million, and provided $6.4 million in net cash proceeds to the operator. Additionally, Capital Senior Living was retained by the new […]

Transactions & Financings: AccentCare, Seasons Hospice Merging; Ziegler’s $42M Financing Package

Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]

Middle-Market Plays to Reshape Senior Living Acquisition Activity, Prices

Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]

How Benchmark Rebounded After Losing Its ‘Mojo’

Not long ago, Benchmark was struggling. Although it had built a reputation as a leading senior living operator, the Waltham, Massachusetts-based company was staring down new competition and declining business results. Benchmark’s occupancy had fallen to below 88% in 2017, a departure from the 93% occupancy rate the company had grown accustomed to over the […]

Movers & Shakers: New Ecumen CFO; Welltower Names Global Head of Senior Housing

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Raising Wages Can Lead to Better Occupancy, Rates in Senior Living

High labor costs are among the top issues impacting the senior living industry. But raising wages also may help solve a host of other ills — not only improving recruitment and retention, but driving occupancy and higher rates. The subject of a living wage was one of several actionable strategies for workforce development and retention […]

Movers & Shakers: Welltower Names New CFO; Watercrest’s Regional Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transactions & Financings: White Oak’s 4-Property Portfolio Acquisition; Arbor Company’s $90M Credit Facility

White Oak acquires 4 property senior housing portfolio White Oak Healthcare REIT completed the acquisition of a four community, 482-bed senior housing portfolio which included two communities in Arkansas, one in Florida and one in Pennsylvania. The seller was Baltimore-based Capital Health Group (CHG), which retains a minority stake in the portfolio, completed renovations to […]