This is part of your SHN+ subscription A new group of senior living leaders is infusing their companies with new plans and philosophies that will help chart the way forward for the senior living industry’s future health. One can look directly at recent announcements of incoming CEOs or companies making distinct succession plans to see […]
Redwood Capital
Having kicked off the new year by completing a recapitalization, LCS is pursuing growth in 2022 and beyond, including by expanding its real estate development services business. That is the message from Joel Nelson, president and CEO of the Des Moines, Iowa-based company. LCS is the second-largest senior living operator in the United States, with […]
Des Moines, Iowa-based senior living giant LCS has completed a planned recapitalization. LCS announced the recap today but did not publicly disclose financial terms. The recap brings Redwood Capital Investments in as a new investor and renews the ownership interests of McCarthy Capital and LCS employee shareholders. LCS was founded in 1971 and last recapitalized […]
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