New Capital Senior Living COO Aims to Quickly Move the Needle

Capital Senior Living (NYSE:CSU) has hired Brandon Ribar as its new chief operating officer. Ribar is formerly the senior vice president of operations for major skilled nursing company Golden Living. He’s stepping into the COO role months after the departure of Capital Senior Living’s former COO, Brett Lee. Ribar’s appointment was announced Tuesday — and […]

Nebraska Assisted Living Chain Placed in Receivership

A third-party receiver has taken over a chain of 10 assisted living communities and 21 nursing homes after its owners failed to make payroll. Nebraska state officials placed the Cottonwood Healthcare chain, which did business under the name Skyline, under receivership on March 23, reported several local media outlets including the Omaha World-Herald and the Columbus Telegram. […]

Senior Housing Investments & Transactions: Golden Living Transfers Operations of 9 Facilities

NHP Foundation-Urban Athletic Fund Acquires Connecticut Portfolio for $43 Million The NHP Foundation-Urban Atlantic Fund I, LLC acquired four apartment complexes in Connecticut for approximately $43 million. The portfolio consists of 404 total units, and all properties benefit from a Project-Based Section 8 Housing Assistance Payment (HAP) contract for all units. The $50 million equity fund was […]

Senior Housing Investments & Transactions: Diversicare’s New Operations

Diversicare to Operate 22 Facilities Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), a long-term care services provider to patients in 54 skilled nursing and senior housing centers, has entered into an agreement to assume the operations of 22 facilities from Golden Living, totaling approximately 2,600 skilled nursing beds. The facilities are located in Alabama and Mississippi, and […]

Cardinal Wagers Post-Acute Placement Company Worth $410 Million

One of the nation’s most prominent companies managing patient placements in post-acute care settings appears set to expand in new markets, after being acquired by Cardinal Health (NYSE: CAH) in what could be a $410 million deal. Through a proprietary technology that analyzes what likely patient outcomes will be, naviHealth works with health plans to […]

Investment Firm Leans on Senior Housing to Reinvent Transitional Care

A private investment firm with experience in the hospitality, healthcare and senior housing industries is planning to reinvent transitional care by blending cutting edge design with the services and operations of each all under one roof. Salude, a transitional care provider opening its first facility in Georgia next month, aims to leverage the expertise of […]