Happy Monday, Senior Housing News readers! Jimmy Buffett played Wrigley Field in Chicago this weekend. Unfortunately, we didn’t get a chance to interview him about his planned 55-plus active adult mixed-use community in Florida, but hearing his tunes up-close certainly made us want to eat cheeseburgers and drink margaritas. Meanwhile, to ensure you’re fully caught […]
Meridian Senior Living
(This story has been updated with a July 14 statement from Affinity) Two senior living providers are targeted in a lawsuit alleging they defrauded the U.S. and the state of North Carolina out of more than $60 million. That’s the gist of the suit, which was recently unsealed and claims that the senior living operators […]
Happy Monday! It’s a busy time in the senior housing industry as public companies begin to share their latest financial results. It’s also a busy time in “funny hat” news, due in part to one half of an athletic elderly couple. Here’s what you may have missed last week: HCP Inc. (NYSE: HCP) is on […]
Six years after its founding in 2010, Meridian Senior Living was growing successfully and had become one of the largest providers nationally, but its executives found that its future direction was not clear. The solution: It split into two separate entities, Meridian Senior Living and Affinity Living Group. Now that Affinity is up and running and certain […]
The senior living worker shortage is real, and to make the most out of hiring and retaining employees, executives are thinking outside of the box—and the industry— to find talent. From comprehensive programs to onboard industry newbies to the “DNA” of a great hire, executives from Brookdale Senior Living (NYSE: BKD), Meridian Senior Living and other companies weighed […]
Now announcing the full lineup of speakers for the Washington D.C. Senior Housing News Summit. The April 6th event will feature a lineup of heavy-hitters from some of the top names in the industry. Join SHN in D.C. for business insight and access to leading executives in the senior housing industry. Purchase your ticket now […]
IPA Closes $1.06 Billion in Transactions In 2016, IPA National Seniors Housing Group closed $1.06 billion in transactions. The total includes 29 transactions in 19 states. Highlights of the year include the completion of the largest privately held majority SNF portfolio sale on record nationally since 2012 and the second-largest stand-alone senior care property sale […]
ABP Acquisition LLC Announces Tender Offer Results for Five Star Shares On Nov. 11, ABP Acquisition LLC announced the results of its tender offer to buy as many as 18 million shares of Five Star Quality Care, Inc. (Nasdaq: FVE) at a purchase price of $3.00 per share, net to the seller in cash, without […]
This year, the rankings among the top 10 largest senior living providers remain unchanged—despite the fact that the single biggest player shed a significant amount of resident capacity. Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) once again came out on top in terms of size, with a capacity for 101,965 residents across a total of […]
Ventas Completes Acquisition of $1.5 Billion Life Sciences Portfolio Health care real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) completed its previously announced acquisition of a $1.5 billion portfolio of Wexford Science & Technology, LLC life sciences buildings. Ventas acquired the properties from affiliates of Blackstone Real Estate Partners VIII L.P., completed Sept. 1. […]
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