Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]
Grace Management
“Our business is forever changed.” Those are the words of John Rijos, whose perspective is informed by decades of leadership in the senior living industry. Having been co-president of Brookdale Senior Living prior to its merger with Emeritus Corp., Rijos went on to co-found investment firm Chicago Pacific Founders (CPF). He also is chairman and […]
I was excited this week to attend the American Seniors Housing Association (ASHA) Mid-Year Meeting — my first in-person conference since the Covid-19 pandemic reached U.S. shores. After two jam-packed days of conversations with industry leaders, it’s no surprise that workforce challenges were a consistent theme. More surprising to me, several conversations turned to ideas […]
A new firm led by senior living industry veterans, Scarp Ridge Capital Partners, is launching with a $300 million fund targeting value-add, opportunistic and distressed investment opportunities. “Scarp Ridge will look to leverage our many years of investing experience and industry relationships to be the partner of choice to owners, lenders, sponsors, and developers by […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
When the pandemic hit last year, many senior living operators relied on communication and marketing to win the trust of current and prospective residents and their families. But even if operators agree transparency makes the best policy, it’s not always clear what they should say, or how they should say it. Four senior living operators […]
Overhauling dining programs in senior housing is an intensive process. The circumstances are especially unique for owners and operators building scale through acquisition. Operators taking over operations must contend with space constraints, acclimate existing staff to new procedures and policies, and balance providing the best care possible for seniors with shareholders seeking returns on investment. […]
Grace Management is preparing for an active year ahead, as its President Guy Geller believes that proven operators will have opportunities despite ongoing operational and financial pressures from the Covid-19 pandemic. The company — a wholly owned subsidiary of CPF Living Communities — anticipates closing on a new acquisition this month, with more expected opportunities […]
Fitch Ratings revises outlooks on 3 CCRCs Fitch ratings announced ratings outlooks updates on the following continuing care retirement communities: The ratings agency placed the series 2016 senior living revenue bonds issued by the Industrial Development Authority of the City of Glendale, Arizona on behalf of Royal Oaks Life Care Community, operating as Royal Oaks, […]
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