Senior Housing Investments & Transactions: Vikus Acquired, CA Senior Living Buys in Texas

HealthcareSource Acquires Vikus Corporation  Health care industry talent management software provider HealthcareSource announced its acquisition of Vikus Corporation, a Tennessee-based company offering hiring software for the post-acute and long-term care markets. Financial terms of the deal are not being disclosed, HealthcareSource President and CEO J.P. Fingado told Senior Housing News. The acquisition gives HealthcareSource more […]

Senior Housing Investments & Transactions: Civitas, CareTrust REIT

Summit Acquires Assisted Living and Memory Care Community for $13 Million Summit Healthcare REIT, Inc. announced that it acquired a 90-bed assisted living and memory care facility in Chandler, Arizona, for $13.4 million. The community will be leased to Compass Senior Living, a Eugene, Oregon-based operator who leases six other facilities owned by Summit. The […]

Senior Housing Investments & Transactions: A Place for Mom Adds OurParents to Network

A Place for Mom Expands Network with OurParents Brand The nation’s largest senior living referral service A Place for Mom has added the OurParents brand to its portfolio of services. The partnership will extend the reach of A Place for Mom’s services, which traditionally have focused on major metropolitan markets. OurParents specializes in helping families […]

Senior Housing Investments & Transactions: Silverado, Welltower

Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has  been renamed Silverado Berkeley. Over the next several months, the community will gradually shift from an assisted living […]

Senior Housing Investments & Transactions: ESI, Summit Healthcare REIT

Summit Healthcare REIT, Inc. Expands to New Hampshire Summit Healthcare REIT, Inc. acquired a 59-bed/50-unit assisted living facility in Littleton, New Hampshire, for a purchase price of $8.5 million in a sale-leaseback transaction on Nov. 17. Summit has assumed the HUD loan collateralized by the property in the amount of about $4.7 million. The 34,684-square-foot facility […]

Movers & Shakers: Elder Care Alliance’s New CEO

Summit Healthcare REIT Elects Suzanne Koenig to Board of Directors Summit Healthcare REIT, a publicly-registerested, non-traded real estate investment trust (REIT) that primarily invests in senior housing, has appointed Suzanne Koenig to its board of directors following an election at the annual meeting of stockholders. Koenig is currently president and founder of SAK Management Services […]

Senior Housing Investments & Transactions: Welltower, Summit

Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]

Senior Housing Investments & Transactions: Capital Senior Living

American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]

Senior Housing Investments & Acquisitions: Summit Healthcare REIT, Oxton

The Ensign Group Acquires Colo. Post-Acute Care Campus  The Ensign Group, Inc. (Nasdaq:ENSG) acquired Riverwalk Post-Acute and Rehabilitation, a 60-bed skilled nursing operation; Rock Canyon Respiratory and Rehabilitation Center, an 81-bed skilled nursing operation with a subacute unit; and the Villas at Rock Canyon, a 17-bed independent living and assisted living operation. Each of these […]

Senior Housing Investments & Acquisitions: NHI, Summit Healthcare REIT

Sagora Senior Living Acquires Texas Community  Fort Worth, Texas-based The Covenant Group and its affiliate Sagora Senior Living have recently acquired the retirement community University Place in Abilene, Texas, for an undisclosed amount. The community is comprised of 124 total independent living units. Sagora Senior Living will be redesigning the community’s interior and starting several new community […]