Senior Living Operator Ebenezer Names New President, CEO 

Brett Anderson is now CEO and President of Ebenezer, with his first day slated for next month. Anderson’s hire comes on the heels of the announcement that Jon Lundberg, CEO and president of Ebenezer and Fairview Senior Services, is retiring. Lundberg, who has served as CEO since 2017, is stepping down from his role in […]

Ebenezer Senior Living CEO Lundberg to Retire 

After serving since 2017 as CEO and president of Ebenezer Senior Living and Fairview Senior Services, Jon Lundberg is set to retire later this year, the companies announced on Wednesday in a joint news release.  Edina, Minnesota-based Ebenezer has over 120 locations across six states, along with a development, management and consulting wing. Lundberg will […]

Good Sam, Ebenezer Parent Organizations Call Off Merger

The combination of Fairview Health Services and Sanford Health will not go forward as planned. Sanford Health announced on July 27 that it was discontinuing its merger process with Fairview Health Services. The merger, announced late last year, would have potentially led to the combination of Evangelical Lutheran Good Samaritan Society and Ebenezer, two of […]

How Hospital System Woes, Strategic Shifts are Reshaping Senior Living

Hospital systems across the United States are pursuing strategy shifts that are starting to reshape senior living market dynamics and suggest new operating models. Health system ProMedica shed nearly all of its skilled nursing facilities while holding onto its private-pay memory care portfolio, in a recently announced deal involving Welltower (NYSE: WELL).  And about two […]

Good Sam, Ebenezer May Join Forces in Sanford Health, Fairview Merger

Sanford Health, the parent organization behind senior living operator Evangelical Lutheran Good Samaritan Society; and Fairview Health which has Ebenezer under its umbrella, are seeking to join forces. The two organizations have signed a non-binding letter of intent to join forces and create a new health system in the process. The nonprofits plan to remain […]

Transactions & Financings: Brookdale Closes $250M Credit Facility; Lancaster Pollard’s $58M Deal Volume

Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]

Ebenezer Names Jon Lundberg as President, Future CEO

The largest senior living operator in Minnesota will soon have a new face at its helm. Minneapolis-based Ebenezer has named Jon Lundberg as its president, the company announced Wednesday. Lundberg has served as Ebenezer’s COO since 2017, but he’s dedicated his career of over 30 years to senior care, according to a press release.  He […]

In the Pipeline: Senior Housing Construction Projects (6/5/14)

Construction: Planned California City Council OK’s $62.8M Senior Living Redevelopment The City Council of Pleasanton, California, recently approved a $62.8 million redevelopment project for a senior living community that will begin construction next year, reports Pleasanton Weekly.  California-based developer MidPen will tackle the redevelopment project, which will replace two senior apartments and give residents the […]