A joint venture between an established senior living developer and operator and a private equity firm currently has two continuing care retirement communities (CCRCs) in pre-development with plans to expand a third at a time when activity in the sector has been largely halted related to the availability of financing. LCS-Westminster, a partnership between Des […]
LCS
LCS and home health services provider CareSouth recently announced a joint venture partnership called Health at Home, An LCS Company. CareSouth will manage the operations of the 17 existing Health at Home locations in 11 states, which currently serve more than 1,400 clients. “We sought out a partner with similar values to better position our home […]
Assisted living residents have always used pharmacies, but with acuity levels rising across the industry, the need for better integration has reached its boiling point. Des Moines, Iowa-based Life Care Services, an LCS Company that manages senior living communities, agrees that rising acuity levels in senior living makes managing residents’ medications even more important. “It’s […]
Construction: Planned Trilogy Health Services, Silvercrest Plan $20 Million Indiana Project Trilogy Health Services LLC is partnering with real estate developer Matt Chalfant, dba Silvercrest LLC, in a previously announced project to convert the former Silvercrest Children’s Development Center into a senior living complex. The project, located in New Albany, Indiana, would reportedly cost about […]
Construction: Planned Lutheran Senior Services Plans $7 Million Expansion Project Lutheran Senior Services is planning a $7 million expansion to its Meramec Bluffs senior living community in Ballwin, Mo. and has hired St. Louis-based general contractor Paric for the project. The expansion will add 31 skilled nursing beds to bring the community’s total to 119 […]
Looking back on 2012 senior-care related technology news, the biggest trends have to do with a federally-backed shift to electronic health and medical records and providers utilizing technology to improve their position in the care spectrum as hospitals start forming post-acute care relationships. The continued emergence of remote monitoring and emergency alert systems that facilitate independent […]
Lancaster Pollard Closes $107.4 Million of Loans in November Lancaster Pollard closed 16 senior living transactions for a total loan amount of $107.4 million. The 16 facilities, all located in the Midwest, contained a total of 1,239 skilled nursing beds and 416 assisted living units. All the financings used the FHA Sec. 232/223(f) to refinance […]
LCS recently entered a joint venture partnership with Chicago-based investment firm Harrison Street Real Estate Capital to acquire an equity position in nine senior living communities in the greater Minneapolis region of Minnesota. The market-rate rental communities have a total 1,166 residential units. Two of the properties are independent living communities, and the remaining seven […]
Senior lifestyle services provider LCS recently entered into a joint venture agreement with Mainstreet Property Group, LLC, based in Cicero, Ind. to own and operate the first of several skilled nursing, short-term rehabilitation, and assisted living communities. Mainstreet will act as the real estate owner and developer, and already has 13 similar communities currently in […]
LCS Development, a Des Moines, Iowa-based LCS company, is expanding its services to owners and managers of retirement communities and senior living projects outside of the network of LCS-related communities. The development company previously only provided its design, master planning, repositioning, and project management services to continuing care retirement communities (CCRCs) or senior living communities […]
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