MBK Senior Living’s growth has historically been through acquisitions — and that is still the company’s modus operandi in 2022. In fact, the company plans to acquire four to six properties in its next fiscal year, which begins on April 1. However, doing so won’t always be easy, according to MBK President Jeff Fischer. MBK […]
MBK Senior Living
Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]
The Covid-19 pandemic injected uncertainty into the typical senior living sales cycle — and in 2022, that hasn’t changed. While operators are hopeful that the industry will settle into a “new normal,” the rise of the omicron coronavirus variant coupled with lingering caution from consumers in some markets are still altering typical sales cycle metrics. […]
“During 2021, it felt like the ‘Covid-19 finish line’ kept being moved further away. I don’t think we’ll see a world without Covid-19 soon, but I think our industry is armed with the knowledge and experience to help enrich seniors’ lives better than ever.” Brookdale Senior Living CEO Cindy Baier’s words ring true for nearly […]
Acts Retirement Services and Willow Valley Communities have forged a strategic alliance, aligning two of the largest nonprofit senior living and care organizations in the United States. Acts, headquartered near Philadelphia, ranked as the third-largest multi-site senior living nonprofit on the 2021 LeadingAge/Ziegler 200, with more than 9,500 units across a portfolio of 26 life […]
The pent-up demand wave has crested for MBK Senior Living, and now the operator is looking forward to a period of significant growth wherein the company could triple in size in the coming years. The Irvine, California-based operator currently manages 32 communities, totaling about 3,500 units in six states. But MBK President Jeff Fischer has […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
For many senior living providers, sales cycles changed dramatically as the Covid-19 pandemic took hold last year. With the pandemic’s end still not in sight and the recent dominance of the delta variant, when the industry will settle into a new sales status quo is anyone’s guess. But there are some who see signs emerging […]
U.S. News & World Report — which issues influential rankings of hospitals, nursing homes, universities and other businesses — is turning to senior living. The publication plans to rate* U.S. senior living brands based on standardized consumer input gathered through surveys created by Activated Insights. Activated Insights is the organization that is also behind the […]
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