The skilled nursing sector is undergoing a shakeup, and senior living providers should be prepared to seize opportunities amid the fallout. Nursing homes are embattled on every front. The federal government is pushing for sweeping reforms that include steeper financial penalties and staffing minimums — even as providers are facing severe worker shortages. And skilled […]
St. Ann’s Community
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Ventas announces expiration and results of senior notes tender offer Ventas (NYSE: VTR) announced the expiration and results of a tender offer for 3.25% senior notes due in 2022, which was announced on September 23. The offer expired at 5 p.m. Eastern on September 29. As of the expiration, a total of $236.3 million aggregate […]
Like many other senior housing and care nonprofits, St. Ann’s Community has a long and successful track record, but the organization has been making some big moves to keep pace with a rapidly changing operating environment. Michael McRae joined St. Ann’s a decade ago and became CEO five years ago. In that time, St. Ann’s […]
A vacant shopping mall in upstate New York will soon have a second life, with senior housing and care setting the foundation. Skyview on the Ridge in Irondequoit, New York, will include a $43 million, 157-unit senior apartment development from Pathstone Corporation, as well as an adult day care center from St. Ann’s Community. Both […]
Acts, Integrace complete affiliation Acts Retirement-Life Communities completed its affiliation with Integrace and its family of communities throughout Maryland this week. The affiliation brings together two nationally recognized names in the senior living industry under shared leadership and governance. The affiliation was first announced in January. The affiliation gives West Point, Pennsylvania-based Acts entry into […]