The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]
Prestige Care
Trilogy Health Services Refinances SNF and Senior Health Portfolio For $158.4 Million Trilogy Health Services refinanced a portfolio of 10 senior health campuses in Indiana, which offer independent living, assisted living, memory care, rehabilitation and skilled nursing options. The loan, totaling $158.4 million, puts in place a permanent debt structure with a low interest rate, and pays […]
Erickson Living Communities Announce Hires, Promotions Oak Crest, an Erickson Living continuing care retirement community (CCRC) located in Parkville, Maryland, announced the promotion of Tina Kummelman to director of human resources. Additionally, Seabrook, an Erickson Living CCRC in Tinton Falls, New Jersey, recently hired Gloria Walsh as director of continuing care, and Vincent Scala as associate […]
Construction: Planned Ecumen Targets Younger Residents with $20 Million Proposed Co-op Ecumen, a non-profit senior living organization based in Shoreview, Minn., is developing an age-55 and older co-op in the Glen Lake neighborhood of Minnetonka, reports Minneapolis/St. Paul Business Journal. The proposed $20 million project calls for a 58-unit complex to be located on the […]
Sentio Healthcare Properties Acquires Community for $42.5 Million Sentio Healthcare Properties, Inc., a health care-focused real estate investment trust (REIT), recently announced the $42.5 million purchase of St. Andrew’s Village, a Class A, 246-unit continuing care retirement community (CCRC) in Aurora, Colo. The St. Andrew’s Village campus includes 146 independent living units, 60 assisted living units […]
Construction: Planned Prestige Senior Living and Nevada Health System to Develop Memory Care Prestige Care, Inc., and Prestige Senior Living, LLC, are teaming with Carson Tahoe Health to develop a memory care community on the health system’s Specialty Medical Center campus in Carson City, Nevada. As a first step in the relationship between these organizations, […]
Vancouver, Wash.-based Prestige Care, Inc. announced on Monday its plans to expand its footprint by acquiring the ownership and management of nine skilled nursing and rehabilitation centers located in Washington, Oregon, and Idaho. The senior care communities were formerly operated by Eagle Healthcare and will transition to Prestige ownership and operational management on Oct. 1, […]
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