Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Read More »
Highest Paid Chief Executives in Senior Living
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the Read More »
[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 Read More »
Could a Brookdale-Holiday Merger Follow $3.3 Billion Fortress Sale?
Fortress Investment Group (NYSE: FIG), the investment management firm behind Holiday Retirement and New Senior Investment Group (NYSE: SNR), will be acquired by Japanese technology giant SoftBank Group for about $3.3 billion in cash. The companies confirmed the deal late Tuesday, after The Wall Street Read More »
Blue Harbor Taps Former Merrill Gardens President as CEO
In picking its first CEO, Blue Harbor Senior Living has found a leader with deep industry experience to take the reins as the company grows in new directions. Tana Gall became CEO of the Portland, Oregon-based management company effective July 1. In the past, Gall Read More »
Movers & Shakers: New Senior’s Chief Accounting Officer
New Senior Investment Group Appoints Chief Accounting Officer New Senior Investment Group (NYSE: SNR) appointed Bhairav Patel as the company’s chief accounting officer, effective March 30. Patel is a managing director in the private equity group of the company’s manager, FIG LLC, which is an Read More »
Hsiao Steps Down as Holiday CEO
The nation’s largest independent living provider has a new CEO. Holiday Retirement CEO Kai Hsiao is stepping down from that role and becoming vice chairman, citing personal health matters. Lilly Donohue has been named the new chief executive officer, effective immediately, the Lake Oswego, Oregon-based Read More »
Editor’s Picks: Welltower’s Debut, What Triggers Senior Living Move-Ins
This week, SHN readers became acquainted with Welltower, Inc., dove deeper into what fuels senior living move-ins, and learned about a new challenge to Fortress Investment Group. Here in the newsroom, we are intrigued by a saga involving a California assisted living facility and its Read More »
Shareholder Puts Fortress, New Senior Under Fire
A shareholder has taken private equity giant Fortress Investment Group (NYSE: FIG) to task over New Senior Investment Group (NYSE: SNR), a publicly traded health care real estate investment trust focused on private pay senior housing, which has seen its stock price drop dramatically since its Read More »
NIC: Senior Housing M&A Volume at All-Time High
Transaction volume within the senior housing sector is at an all-time high, and recently released research findings indicate that commercial real estate professionals don’t expect it to slow any time soon. At the end of the second quarter of 2015, approximately $17 billion in senior living transaction Read More »