Of all the challenges senior living providers face during Covid-19, maintaining frontline staffing levels is one of the hardest and most expensive to address. The issue has many facets. The first is that, in looking after an at-risk population of older adults, senior living caregivers are also at an elevated risk for contracting Covid-19. In […]
The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]
Welltower Secures $3 Billion Revolving Credit Facility Welltower Inc. (NYSE: WELL) recently entered into a credit agreement that consists of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility and a CAD 250 million unsecured term credit facility. The Toledo, Ohio-based health care real estate investment trust (REIT) reached the […]
Radiant Senior Living Acquires 64-Unit Community in Idaho Radiant Senior Living recently acquired The Renaissance, a 64-unit assisted living and memory care community in Coeur d’Alene, Idaho. Radiant currently owns and operates 19 independent living, assisted living, and memory care communities in Washington, Montana, Oregon, Colorado, Nevada, and Idaho. Radiant is scheduled to start constructing […]
While talk of senior housing oversupply has developers scrutinizing new markets with extra care, there are some locales where private-pay communities are scant or nonexistent: Native American reservations. Now, an operator and a private developer have teamed up and are trying to change that, at least for one tribe. The town of Salamanca in eastern New […]
(Rendering of Arcardia Senior Living, located in Bowling Green, Kentucky —Photo courtesy of Arcadia Senior Living) Construction: Planned Arcadia Community Planned in Kentucky A new senior housing community in Bowling Green, Kentucky is being planned by Arcadia Communities. The community will be constructed on a seven acre portion of land and will encompass 80,000 square […]
Following a $550 million, 21-property acquisition from Holiday Retirement only two weeks ago, Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced Tuesday a string of eight more acquisitions collectively valued at $59.1 million. The transaction, which Sabra announced late Tuesday night and were funded with available cash and proceeds from the REIT’s revolving credit facility, consists […]
