Ventas Announces $1 Billion Commercial Paper Note Program Ventas (NYSE: VTR) established an unsecured paper note program in the U.S. Unsecured notes are loans that are not backed by an issuer’s assets. Instead, they are supported only by the borrower’s creditworthiness, and have a higher rate of return. The program allows the Chicago-based health care […]
K4Connect
The senior living smart home revolution is in full swing, and Kisco Senior Living is buying in with Amazon’s Alexa. Starting with a kickoff event last month, Kisco has been installing Amazon Echo Dot voice systems with Alexa in all 165 independent living (IL) units in its continuing care retirement community (CCRC) The Cardinal at […]
Apollo Global Management Targeting $1 Billion Fund Apollo Global Management is reaching out to investors about its third real estate fund, according to Bloomberg. And it is shaping up to be a big one. Apollo, which recently completed a $264 million acquisition of 17 senior housing communities from HCP, wants to raise at least $1 […]
K4Connect, a Raleigh, North Carolina-based tech firm serving over 13,000 senior living residents across the country on its K4Community platform, announced it raised $12 million in Series B funding. The funding will allow K4Connect to continue an aggressive growth pattern, CEO and co-founder Scott Moody told Senior Housing News. “We are not interested in steady growth,” […]
The Avamere Family of Companies has high hopes for its “micro CCRC” concept. The hopes are so high, in fact, that the Wilsonville, Oregon-based company is launching a separate company dedicated to the concept. Avamere announced the launch of Ovation with two groundbreakings in St. George, Utah and Omaha, Nebraska, representing a combined $170 million […]
OnShift Announces Text-Based Recruiting Software Cleveland-based OnShift launched a new text message service intended to streamline how senior care companies recruit new talent. OnShift Text2Hire will leverage artificial intelligence to automatically book interviews with job applicants via text message. This will allow hiring managers to schedule interviews and minimize no-shows by immediately engaging with candidates, […]
K4Connect Announces K4Community Enhancements Senior living technology company K4Connect has enhanced its flagship solution, K4Community. The new updates expand on the solution’s previous versions and add several new functions related to boosting staff efficiency and reducing rework. Specifically, the updates added new ways to create and publish in a single application, automate a community’s morning check in […]
Capital Senior Living Partners with Dallas-Based OneDay Capital Senior Living (NYSE: CSU) recently partnered with Dallas-based startup OneDay to digitally preserve the stories of residents at its 129 senior housing communities. OneDay’s mobile app is an interactive, personalized storytelling tool, according to a press release. Residents can choose a conversation topic on the app, and […]
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Inovonics Awarded with Two Design Patents for Senior Living Pendants The United States Patent and Trademark Office recently awarded Inovonics a pair of design patents for its EN1221S-60 family of senior living pendants. Brought to market in September 2015, the EN1221S-60 pendant is 60% smaller and lighter than Inovonics’ prior pendant. The pendant has a […]
