Transactions & Financings: Revera Buys UK Operator, Cushman & Wakefield Files for IPO

Revera Buys UK-Based Senior Living and Skilled Nursing Operator United Kingdom-based senior care and nursing home provider and developer Signature Senior Lifestyle has been purchased by Canada-based operator and investor Revera Inc., Care Home Professional reported. The purchase price was undisclosed. Signature develops and operates care homes, and currently manages 10 care homes in the UK, with […]

Holiday CEO: We Have ‘Changed Our Story’ Following Major Changes

Just over a year after announcing several major changes—including a move of its corporate headquarters across the country and abandoning its longstanding management model—CEO Lilly Donohue says Holiday Retirement is in “put-your-head-down mode” and focusing on improving the resident experience. The nation’s largest independent living provider has experienced an enormous amount of upheaval in the […]

Why NHI is Making Acquisitions While Other REITs Are Sidelined

Unlike other health care-focused real estate investment trusts (REITs), National Health Investors (NYSE: NHI) has managed to stay off of the sidelines in recent months and remain fairly active in the senior housing marketplace. The Murfreesboro, Tennessee-based company credits its M&A activity to nurturing its several operator relationships and staying open to smaller-scale deals, Kevin Pascoe, […]

New Senior to Reposition Underperforming Holiday Portfolio

New Senior Investment Group Inc. (NYSE: SNR) is repositioning its 51-property Holiday Retirement portfolio as its review of strategic alternatives moves forward. Susan Givens, CEO of the New York City-based real estate investment trust (REIT), called the decision to reposition the Holiday portfolio “a significant evolutionary step for the company” during a Thursday call with analysts and investors. […]

Movers & Shakers: Brookdale Hires Interim CFO, Ventas’ New MOB Leader

Brookdale Senior Living Hires Interim CFO Brookdale Senior Living’s board of directors has appointed Teresa Sparks as the company’s interim CFO, effective March 28. Sparks is taking over for Lucinda Baier, who left the CFO role to become Brookdale’s new president and CEO last month. The company will continue to search for a permanent CFO during Sparks’s […]

Movers & Shakers: Wingate Healthcare’s New COO

Wingate Healthcare Recruits New COO Wingate Healthcare, a provider of senior living and health care services in Massachusetts, Rhode Island and New York, has named Jill Bosa as its new COO, according to a press release. Prior to joining Wingate, Bosa served as COO for Kindred Healthcare’s nursing center division, where she provided operational oversight […]

Sunrise, Holiday Earn Top Honors from J.D. Power

Sunrise Senior Living, Holiday Retirement and Capital Senior Living (NYSE: CSU) have the most satisfied residents among the country’s largest senior living providers, according to a new report from market research firm J.D. Power. The “J.D. Power 2018 Senior Living Satisfaction Study” was conducted between October and December of 2017 and based on responses from 2,539 residents or loved ones […]