[Updated] Columbia Pacific Advisors to Purchase 79-Property Hawthorn Portfolio

A familiar face in the senior housing industry is making yet another splash with a newly announced acquisition. Seattle-based senior housing investment company Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, has moved to purchase Vancouver, Washington-based senior living developer, operator and owner Hawthorn Retirement, the company announced Monday. The deal includes Hawthorn’s 55 […]

Fordyce Out as Senior Lifestyle COO

After serving as chief operating officer at Senior Lifestyle for just over a year, Lisa Fordyce is no longer with the Chicago-based provider. Fordyce’s resignation is effective as of April 4, Senior Lifestyle confirmed to Senior Housing News. The company’s current Executive Vice President and Chief Administrative Officer Justin Robins will serve as Interim COO. “This […]

Brookdale to Pay Nearly $1 Million in Emeritus Settlement

Brookdale Senior Living (NYSE: BKD) will pay $979,000 in a settlement with the federal government and states, to resolve allegations that Emeritus Corp. failed to return Medicaid overpayments. Emeritus was acquired by Brentwood, Tennessee-based Brookdale in 2014, creating the largest senior housing provider in the nation, with more than 1,100 communities. No wrongdoing is admitted under […]

Emeritus Co-Founder Bets on China with $250 Million Joint Venture

Senior housing heavyweight Daniel Baty plans to make even bigger waves in the Chinese senior care market—with the help of $250 million in new financing. Baty, co-founder and former chairman of Emeritus Corp. until its merger with Brookdale Senior Living (NYSE: BKD) in 2014, also served as the chairman of Holiday Retirement Corp. from 1987 to 2007. […]

Brookdale’s Chief People Officer to Exit C-Suite

Glenn O. Maul, executive vice president and chief people officer for Brookdale Senior Living (NYSE: BKD), will be stepping down from his role effective July 15, the company announced Monday. Brentwood, Tennessee-based Brookdale, the largest senior living owner and operator in the country, has gone through several changes to its C-Suite during its rocky integration […]

Most Popular News of the Week: REIT Mega-Deal Averted, Amenities Key to Repositioning

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]

Brookdale-Emeritus Merger Averted REIT Mega-Deal

Brookdale Senior Living’s (NYSE:BKD) acquisition of Emeritus Corp. (NYSE:ESC) may have averted a mega-merger between two real estate investment trusts (REITs) also vying to acquire the combined company, according to a proxy statement on the merger released Friday. Prior to the February merger announcement with Brookdale, Emeritus entertained four potential buyers in August 2013 believed […]

Brookdale to Change Community Names Under National Branding Initiative

Brookdale Senior Living, the largest owner-operator of senior living communities in the nation, announced via its website that it has begun the process of changing dozens of its community names to better reflect its national brand. Beginning with 16 Houston-area communities, the company is transitioning community names such as “Terrace at Champions” and “Hampton at […]

Brookdale and HCP Create $1.2 Billion Joint Venture to Acquire CCRCs

Senior living giant Brookdale Senior Living (NYSE:BKD) and real estate investment trust HCP Inc. (NYSE:HCP) today announced a joint venture encompassing a $1.2 billion portfolio of entrance fee Continuing Care Retirement Communities (CCRCs). The venture will own and operate 14 entry-fee CCRCs and will create the largest healthcare REIT platform to operate and acquire these […]