Senior Housing Investments & Transactions: Vikus Acquired, CA Senior Living Buys in Texas

HealthcareSource Acquires Vikus Corporation  Health care industry talent management software provider HealthcareSource announced its acquisition of Vikus Corporation, a Tennessee-based company offering hiring software for the post-acute and long-term care markets. Financial terms of the deal are not being disclosed, HealthcareSource President and CEO J.P. Fingado told Senior Housing News. The acquisition gives HealthcareSource more […]

32 Independent Living Communities Re-Brand as Solstice Senior Living

Solstice Senior Living is a new brand in the independent living space, created through a joint venture of management company Integral Senior Living and real estate investment trust (REIT) NorthStar Healthcare Income. Under terms of the JV agreement, 32 independent living properties owned by NorthStar Healthcare Income will come under the third-party management of Integral […]

Senior Housing Investments & Transactions: Transforming Age, American House Senior Living

Tennessee CCRC Announces Affiliation With United Church Homes Uplands Village, a continuing care retirement community (CCRC) in Pleasant Hill, Tennessee, announced a new affiliation with United Church Homes (UHC), a Marion, Ohio-based national provider of senior living services. UHC’s management services company, United Church Homes Management (UCHM), will also take over management of Uplands Village. […]

Movers & Shakers: Somerby Senior Living’s New President and COO

Somerby Senior Living Names New President and COO Dominion Partners and Somerby Senior Living recently announced that David Grady has been named Somerby’s new president and COO. Grady has more than 30 years of experience in senior living operations, having served as an administrator, activities director, area administrator and regional vice president of rehab and skilled […]

In the Pipeline: Senior Housing Construction Projects (5/11/17)

(Rendering of Allegro’s Richmond Heights community — image courtesy of Allegro Senior Living) Construction Planned Luxury Senior Housing Developer Sets Sights on Little Rock Area Abby Development, a luxury senior housing builder, owner, and operator, has plans to break ground on a new “resort-style” seniors housing campus near Little Rock, Arkansas. Workers are poised to break ground […]

In the Pipeline: Senior Housing Construction Projects (4/27/17)

Construction: Planned Dominion Senior Living to Open Third Kentucky Community Dominion Senior Living of Florence has plans to open a new faith-based senior living community in Florence, Kentucky, its third in the state. The two-story community is expected to cost about $10.3 million and will offer assisted living and memory care services in 61 apartments. […]

Senior Housing Investments & Transactions: NorthStar Merger Closes

NorthStar, Colony Merger Closes NorthStar Asset Management (NYSE: NSAM), NorthStar Realty Finance Corp. (NYSE: NRF) and Colony Capital (NYSE: CLNY) completed the previously announced merger of the companies into real estate investment trust (REIT) Colony NorthStar Inc. (NYSE: CLNS). The new entity currently has an equity market capitalization of approximately $9 billion and assets under […]

In the Pipeline: Senior Housing Construction Projects (12/15/16)

(Rendering of Pecan Grove at Highland Springs located in Dallas — photo courtesy of Erickson Living) Construction: Planned Arizona Developer Plans Senior Living Community Summerlin Asset Management plans to team up with Desert Land Group to create Havasu Senior Living in Lake Havasu City, Arizona. The community will include independent living, assisted living, memory care, […]