Health System ScionHealth to Gain Senior Living Platform in Acquisition of Cornerstone

A health system with 79 hospital campuses in 25 states is likely to gain a new senior living platform this year. ScionHealth this week announced its intention to acquire Cornerstone Healthcare Group, a diversified health care company based in Dallas. In addition to behavioral health and specialty hospital holdings, the company’s umbrella also includes Cornerstone […]

Ensign Names CFO for Pennant Group Spinoff

The Ensign Group (Nasdaq: ENSG) hired a new chief financial officer for its coming senior living, home health and hospice spinoff. The Mission Viejo, California-based owner and operator on Tuesday named Jennifer Freeman as CFO of The Pennant Group. She was previously in the same role at Cornerstone Healthcare, Ensign’s home health and hospice arm, […]

Senior Housing Investments & Transactions: Berkshire, The Bascom Group

Berkshire Closes Fund to Invest in Senior Housing, Other Sectors Boston, Massachusetts-based Berkshire Group, a real estate investment management company, has announced the closing of a $161.5 million venture investment vehicle that will target senior housing as well as other real estate sectors. The BRV Partners Fund I seeks to invest in growing, high-potential real […]

Senior Housing Investments & Acquisitions: ARC Healthcare Trust II, Senior Resource Group

Chelsea Jewish Foundation Announces Merger with Aviv Centers The Boards of Directors of the Chelsea Jewish Nursing Home Foundation, Inc. (CJF) and Aviv Centers for Living, Inc. recently announced that the two organizations are combining to serve seniors north of Boston.  Together, they will become the largest senior living nonprofit organization on the North Shore, […]