Must-Read News: Columbia Pacific’s $2 Billion Senior Housing Play

Happy Monday, Senior Housing News readers!  Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Pacific Advisors’ planned acquisition of Hawthorn Retirement likely commanded a […]

Assisted Living Provider in Hot Seat After HUD Audit

Many assisted living companies seek financing insured by the Department of Housing and Urban Development (HUD). However, doing so comes with requirements that providers must be vigilant about meeting, as demonstrated by a recent audit report of one California assisted living community from the HUD Office of Inspector General.  The 101-unit Cypress Meadows community—with a […]

Senior Housing Finance Activity: PointClickCare Raises $85 Million

PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]

Movers & Shakers: Genesis’ New COO, Aegis Living’s New Chief Marketing Officer

Senior Housing News will be observing the Thanksgiving holiday Thursday, Nov. 24 and Friday, Nov. 25. We will return to our normal posting schedule Monday, Nov. 28. Genesis Healthcare Reveals Executive Departures, Appointments Genesis Healthcare, Inc. (NYSE: GEN) revealed the retirement of Robert A. “Mike” Reitz from his position of executive vice president and COO […]

Movers & Shakers: Lifespace Communities’ New Senior VP of Business Development

Lifespace Communities Appoints Senior VP of Business Development Lifespace Communities, one of the nation’s largest not-for-profit senior living providers, hired Joe Anderson as senior vice president of business development. In the role, Anderson will drive the Des Moines, Iowa-based company’s growth through mergers and acquisitions. He comes to the role with almost 30 years of […]

Movers & Shakers: Executive Director Appointments

Covenant Village of Colorado Selects Executive Director Covenant Village of Colorado appointed Kent Mulkey as executive director for Covenant Village of Colorado, a faith-based, not-for-profit continuing care retirement community (CCRC) located in Westminster, Colorado, and administered by Covenant Retirement Communities. Mulkey has 18 years of experience in senior housing leadership, including management, training and operations […]

Movers & Shakers: Mainstreet’s 3 New Hires

Mainstreet Announces 3 New Hires Mainstreet, a Carmel, Indiana-based development and investment company, announced three new hires for the month of April. Scott Juetten has been named Mainstreet’s new vice president of financial operations for Mainstreet Health. He previously worked for Kindred Healthcare, where he was vice president and controller of the nursing center division. Mainstreet […]

Future Unknown as AdCare Seeks ‘Strategic Alternative’

A former senior housing operator with a troubled past is taking steps to arrive in greener pastures. AdCare Health Systems, Inc.’s (NYSE: ADK) board of directors is reviewing strategic alternatives for the company with the help of St. Louis-based financial advisory firm Stifel, the self-managed health care real estate investment company announced Tuesday. “AdCare is at […]