This was a tough year for the sector, judging by the most-read stories on Senior Housing News. Financial troubles dominated, with Enlivant’s default notice and related negotiations being the most-read story in the last 12 months. The bankruptcy filing of a large CCRC, the troubles at Anthology Senior Living’s parent company, and the closure of […]
A buyer for the largest life plan community in Illinois has been identified and is awaiting court approval on Nov. 8. According to reporting from The Daily Herald, Encore Healthcare Services of New York had met a previously set stalking horse bid for Friendship Village of Schaumburg. The life plan community had filed for Ch. […]
A potential buyer has bid $83.1 million to acquire the largest life plan community in Illinois after it declared Chapter 11 bankruptcy earlier this year. A company referred to as IL CCRC LLC has inked an agreement with Friendship Village of Schaumburg in Schaumburg, Illinois, to set a minimum price floor for the acquisition in […]
