Caring.com is recognizing more than 800 assisted living and memory care communities as part of the online senior care resource and review site’s fourth annual “Caring Stars” award program. “We were surprised by the number of winners this year,” Andy Cohen, cofounder and CEO of Caring.com, tells SHN, noting the number of winners doubled from last year’s […]
Brookdale Senior Living
Lutheran Home at Toledo Welcomes New Executive Director Lutheran Homes Society has announced the appointment of Michael Freeman as executive director for Lutheran Home at Toledo, in Ohio. As executive director, Freeman will be responsible for the day-to-day operations, community outreach and business development of the Lutheran Home at Toledo campus, which offers assisted living, […]
Maryland CCRC Names Director of Philanthropy Patricia Santoni has been named director of philanthropy for Charlestown, a continuing care retirement community (CCRC) in Catonsville, Md., that has more than 2,000 residents. She will be responsible for establishing, planning, directing, and coordinating all fundraising activities for Charlestown. Santoni will also provide leadership for the creation of strategic fund […]
Love Funding Refinances $11.6M for Mich. AL Love Funding, a provider of FHA multifamily, affordable and healthcare financing, closed a $11.6 million refinancing for Grand Pines Assisted Living Center, a 104-bed assisted living facility in Grand Haven, Mich. Love Funding Midwest Regional Director Bruce Gerhart secured the loan through the U.S. Department of Housing and Urban […]
Construction: Planned PDC Capital Group Invests in Pipeline of Three Northern Calif. Projects Costa Mesa, Calif.-based PDC Capital Group, LLC, has three new SummerPlace Assisted Living & Memory Care facilities planned to break ground next year in Northern California. SummerPlace Westgate, located in West Sacramento, is a $27.5 million that will add 174 units and […]
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
Feedback. It plays a key role in top providers’ marketing strategies, but figuring out how to effectively and efficiently construe input from those in the front lines of an operation can be a challenge. But doing so is a must, senior living marketing gurus agree, noting that the days of marketing campaigns being disseminated from […]
The market for health care technology abounds with a plethora of startups striving to develop the next big thing that improves quality of care in the most cost-efficient manner possible. As one global startup accelerator takes its network to the next level, such technologies may soon hit the market for senior living organizations in the […]
While some of the largest senior housing investors have been ramping up interest in entry-fee continuing care retirement communities (CCRCs), for Health Care REIT (NYSE: HCN), growing that sector of its portfolio is of minimal concern, according to several of the company’s top executives during an earnings call this week. Whereas other investors have increased […]
The senior housing industry’s first blockbuster merger might be complete, but the integration of Brookdale and Emeritus is creating significant challenges for the nation’s largest provider. In the first earnings release since its completion of a $2.8 billion merger with Emeritus and a $1.2 billion joint venture with HCP, Brookdale Senior Living (NYSE: BKD) says the […]
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