HCP (NYSE:HCP) announced on Tuesday that it will acquire a 133-property senior housing portfolio for $1.73 billion from a joint venture between Emeritus Corporation (NYSE:ESC) and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group. Emeritus will enter into a new triple-net master lease and continue to operate these communities. The company, which […]
Emeritus
Health Care REIT’s $845 million acquisition of Sunrise Senior Living at a 60% premium may have opened the door to a whole world of senior living industry-changing acquisition activity, reports Bloomberg, and Emeritus and Brookdale might be next. The takeover of Sunrise Senior Living Inc. at the biggest premium ever paid for an operator of […]
Construction: Planned Mainstreet to Develop $15.7 Million Senior Care Center in Indiana Cicero, Ind.-based developer Mainstreet Property Group LLC has plans to develop a $15.7 million senior healthcare center on the east side of Indianapolis after gaining approval from the city’s Metropolitan Development Commission to purchase the property for $912,500, reports the Indianapolis Business Journal. Mainstreet […]
Students are increasingly interested in pursuing a career in senior living, but programs focused on educating the senior living managers of tomorrow need the support of senior living providers to be successful. Despite the rise of senior living communities and growing demand for their services, the industry faces a potential shortage of qualified individuals to […]
It’s not an easy question, or an easy answer. What health care reform will mean for senior living providers and their employees is something all businesses will have to consider if they are not already doing so. And what it will cost may be, for some, a million dollar question. At least. There are still […]
In this senior care technology roundup, a U.S. technology provider is expanding in to the U.S. market and will provide its senior care solutions for the Emeritus/Columbia Pacific Advisors joint venture in China. Additionally, the nation’s largest 55+ community is getting access to online healthcare thanks to a partnership between American Well and the University […]
The Assisted Living Federation of America (ALFA) recently announced the winners of its fifth annual Best of the Best Awards, which recognizes forward-thinking companies in or related to the senior living industry for innovative programs and services they’ve implemented. The awards encompass eight categories, listed below with the winner of each: Resident Health & Wellness—Senior […]
There’s a growing need for professionals trained in the senior living industry, and top-level executives are recognizing this with both time and money, notes Washington State University, following its addition of a senior living management class to its undergraduate curriculum. Each week, company professionals drive or fly the nearly 300 miles from Seattle to WSU […]
The 60+ demographic is blowing up on a global scale and will encompass two billion people by 2050, according to United Nations data, and nearly 440 million of those people will be found in China. The scope of this growth is unprecedented, and with a senior living sector still in the early stages of development, […]
Pathway Senior Living Plans Renovation for Wisconsin Assisted Living Facility The Age Well Centre for Life Enrichment, located in Green Bay, Wisc. and formerly known as Creekside Senior Living, is renovating its living units to transition into an assisted living-only community, reports the Green Bay Press Gazette. Pathway Senior Living, based in Illinois, acquired the […]
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