Senior Housing Investments & Transactions: HCN, Care Investment Trust

Texas Senior Living Communities Acquired for $79 Million Evergreen Senior Living Properties, LLC and management affiliate ESLP Management, LLC, recently announced the acquisition of four senior living communities in Texas from Sears Methodist Retirement System in a $79 million transaction. The purchase includes The Craig in Amarillo, Meadow Lake in Tyler, The Parks in Odessa, […]

Consolidation to Rise for Non-Profit Senior Living Operators in 2015

Senior care acquisitions shattered records last year. And now just two months into 2015, senior housing is leading the way when it comes to mergers, acquisitions and affiliations in both the for-profit and not-for-profit sectors. Senior housing and care represented more than 280 transaction totaling $25.75 billion last year, propelling overall health care M&A activity to […]

Senior Living Non-Profit Looks to Acquire Sears Methodist Post-Bankruptcy

Dallas-based Buckner Retirement Services, Inc. (BRS) may soon become the largest non-profit senior living provider in the state of Texas with plans announced Thursday to pursue a potential acquisition of Sears Methodist Retirement System, Inc. The non-profit, faith-based ministry said it plans to pursue an affiliation with or acquisition of the Abilene, Texas-based Sears, which […]

Sears Methodist Turns Over Senior Living Community In Bankruptcy Case

A Texas-based nonprofit senior living provider’s Amarillo facility has been turned over to a creditor owed about $3.5 million as part of the provider’s ongoing bankruptcy case. Sears Methodist Retirement System (SMRS) is walking away from The Canyons Senior Living Center— located in the original Northwest Texas Hospital building with 111 apartments on four acres. The Canyons’ […]

Texas Senior Living Company Files for Chapter 11 Bankruptcy

A Texas-based nonprofit senior living provider has filed for Chapter 11 bankruptcy to handle funded debt obligations of about $160 million. Sears Methodist Retirement System (SMRS) filed for bankruptcy protection June 10 spanning all of its locations in eight cities throughout Texas; of 11 properties in total, eight are senior living communities and three are […]

Sears Methodist Partners With Life Care Services as New Management Company

Sears Methodist Retirement System is partnering with Life Care Services to provide management and marketing services to 11 senior living communities and health centers across Texas. The partnership include three Texas State Veterans Homes in McAllen, El Paso and Big Spring. Additional properties include Desert Haven in Odessa; Meadow Lake in Tyler; Mesa Springs, Abilene; The Canyons, Amarillo; The […]