The transformation of Discovery Senior Living in recent years has included rapid growth and the launch of various operating companies. With the creation of the Discovery Management Group (DMG) and a new credit facility from Comvest Credit Partners, the company is almost completely reorganized and ready to begin the next chapter, CEO Richard Hutchinson told […]
As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
Discovery Senior Living and White Oak Healthcare REIT have acquired a 10-building portfolio, which will be operated by Discovery as part of the provider’s strategy of expanding through the creation of largely independent regional management companies. The sale, coming in at more than $100 million, includes communities in Louisiana, Mississippi and South Carolina and contains […]
Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]
