After Sanford Health Merger, Good Samaritan Pursues 3-Part Strategy

Since closing on their affiliation to start 2019, the Evangelical Lutheran Good Samaritan Society and Sanford Health have pursued a three-part strategy to realize the benefits of combining and achieve long-term success. Under financial pressure, the Good Samaritan Society laid off 100 people at its Sioux Falls, South Dakota national campus in 2017. Thanks to […]

More Nonprofit Senior Living Providers Partner Up to Survive and Thrive

As headwinds continue to batter the senior housing industry, some not-for-profit providers are looking to partnerships or mergers as a way to grow scale in order to thrive — or in some cases, simply survive. “In the last three years, a number of organizations are saying, we could go on independently … but where do […]

Good Samaritan-Sanford Merger Links Health System, Senior Housing

Evangelical Lutheran Good Samaritan Society, one of the largest non-profit senior living providers in the U.S., is joining forces with non-profit health system Sanford—the latest in a series of integrations between major health systems and senior care providers. Good Samaritan and Sanford signed an affiliation agreement on Tuesday. Under that agreement, the two organizations would […]

Senior Housing Investments & Transactions: Welltower, Summit

Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]

Fastest-Growing Nonprofit Senior Housing Providers

Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]

In the Pipeline: Senior Housing Construction Projects (10/1/15)

(Bader House in San Antonio, Texas – Built by Uncommon Care with interior design by studioSIX5) Construction: Planned O’Reilly Development Plans Two Senior Living Projects for Mo. Springfield, Mo.-based O’Reilly Development Company is planning two new senior living projects: an $18.4 million development in Nixa, Mo., and a $35.8 million development in St. Charles, Mo., […]

In the Pipeline: Senior Housing Construction Projects (7/30/15)

(Ventana by Buckner – Photo courtesy of Buckner Retirement Services) Construction: Planned Buckner Senior Living Reveals Renderings of Dallas High-Rise CCRC Texas-based Buckner Senior Living, a not-for-profit organization that is part of Buckner International, recently revealed new renderings of its latest project: a high-rise continuing care retirement community (CCRC) called Ventana by Buckner. Scheduled to […]

In the Pipeline: Senior Housing Construction Projects (2/19/15)

Construction: Planned Evangelical Lutheran Good Samaritan Society to Build New Memory Care Center South Dakota-based not-for-profit provider The Evangelical Lutheran Good Samaritan Society is expanding the service offerings at its Prairie Creek senior living campus in Sioux Falls, S.D. Plans are to build a 32-unit assisted living center to care specifically for residents with memory […]