Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Nonprofits Must Adapt Faster to Senior Living Disruption

Senior living nonprofits must learn to cope with industry disruption soon — or communities could become places that people would prefer to avoid. “If we’re not able to move forward, we risk becoming sort of like the outhouse: functional, workable, but not your first choice,” said Steve Jeffrey, chief strategy and innovation officer for Garden […]

Senior Care CEOs Unite to Push Louisville as Aging Hub

On the heels of opening the doors to the senior care industry’s first-ever technology innovation hub, in Louisville, Kentucky, there’s another push to put the city at the forefront of the aging services industry. Some of the health care leaders involved with the Thrive Center for innovation are banding together with other CEOs in the city. […]