Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing

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 […]

Maintenance Staff Become More Crucial for Senior Living Success

The senior housing resident is changing—and the way communities operate will have to follow suit. For instance, it might be time to rethink the relationship between a senior housing community’s upper management and its maintenance staff. Traditionally, the primary job of a senior housing community’s facilities department has been to respond to orders; when upper […]