Greenbrier Development is partnering with a hospital system and a commercial real estate company on a $200 million redevelopment project to turn a long-vacant hotel and convention center near Cincinnati into a senior living community. Dallas-based Greenbrier is collaborating with Brandicorp LLC and hospital system St. Elizabeth Healthcare to convert the former Drawbridge Hotel and […]
IntegraCare
IntegraCare CEO Larry Rouvelas is an admirer of Toyota’s lean management approach — and he thinks the senior living industry can learn from it in a few ways, particularly with regard to staffing. As he surveys the senior living hiring process, he sees many points of “friction” where prospective employees might drop out of the […]
Senior living operators have long looked for new ways to convey quality and differentiate their communities from their competitors. Now, they have another tool in their toolbox. U.S. News & World Report on Tuesday published its first-ever 2022-23 “Best Senior Living,” list, which designates senior living communities as “best” in several categories: Independent living, assisted […]
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 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: Planned IntegraCare, Avenue Development Plan Community in Pennsylvania IntegraCare and Avenue Development have announced plans for a new senior […]
Construction: Planned Work to Begin Soon On Senior Living Facility in Virginia A 230,000-square-foot senior living facility is scheduled to break ground at the end of this March in Fairfax, Virginia. The project, by IntegraCare, will include 91 independent living units, 79 assisted living units, 24 memory care units and 16 units for high-acuity patients. […]
Senior Lifestyle Announces New COO Chicago-based owner, operator and developer Senior Lifestyle Corp. announced the appointment of Lisa A. Fordyce as COO, where she will be responsible for leading the company’s operational business strategies and care initiatives. Before joining Senior Lifestyle, Fordyce served as a vice president of operations at Emeritus Senior Living, leading its […]
Senior living providers are expected to contribute to home healthcare M&A activity in 2013 as they seek ways to improve margins and expand services along the care continuum through strategic partnerships in response to healthcare reform efforts. Last year, home health and hospice industry deal volume rose 20.7% and the dollar volume of the deals […]
Long-term care provider Kindred Healthcare, Inc. (NYSE:KND) announced on Monday that it had signed a definitive agreement to acquire home healthcare provider IntegraCare Holdings, Inc., a portfolio company of private equity firm Flexpoint Ford LLC, for a purchase price of $71 million in cash plus up to $4 million more based on 2013 earnings. The […]
IntegraCare added three Pennsylvania senior living properties with a total of 225 beds to its portfolio in June for an undisclosed purchase price. The communities are located in Clearfield, Bedford, and Tyrone, all in Central Pennsylvania. They’re located nearby IntegraCare’s three existing properties in Central Pennsylvania; the company says the acquisition enhances its ability to […]
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