Terry Rogers to Become CEO of Westminster Communities, Exit CLC/Cappella

Christian Living Communities (CLC) President and CEO Terry Rogers is stepping down from his post at the Englewood, Colorado-based senior living provider and leaving for warmer weather. In April, Rogers will take on a new role as CEO of Orlando, Florida-based senior living nonprofit Westminster Communities of Florida. The organization has 22 senior living locations […]

Presbyterian Senior Living Appoints Bernardo as CEO

Presbyterian Senior Living (PSL), one of the largest non-profit senior living providers in the nation, has named Jim Bernardo as president and CEO. Following the retirement of Stephen Proctor, Bernardo took the role of acting CEO in June 2019. Bernardo has been with PSL for three decades, beginning his career as an executive director and […]

Large Nonprofit Trinity Eyes Active Adult, Would Take On Private Equity Models

Having taken the role in Oct. 2016, Steve Kastner has now been CEO of Trinity Health Senior Communities for three years — and it’s been an eventful time. With a portfolio rebalancing effort largely complete, the Livonia, Michigan-based nonprofit is pursuing growth in lower acuity settings, including an active adult model that could compete against […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

HumanGood, Presby’s Affiliation to Create 6th-Largest Senior Living Nonprofit

The largest non-profit senior living provider in the state of California, HumanGood, will be extending its reach to the East Coast through a planned affiliation with Presby’s Inspired Life. The combined entity will be the sixth-largest national non-profit senior living provider, the organizations stated Monday in announcing the affiliation. Pleasanton, California-based HumanGood serves nearly 10,000 […]

Possible Presbyterian Senior Living, Westminster Merger Would Create Fifth-Largest Nonprofit Provider

Presbyterian Senior Living and Westminster Communities of Florida are considering a merger that would result in a combined not-for-profit organization with 54 communities, serving about 13,000 seniors across the full continuum. With a unit count over 7,100, the merged entity would rank as the fifth-largest not-for-profit senior housing and care organization in the nation, going […]

Senior Housing Investments & Transactions: Griffin-American, Bloom Senior Living

Griffin-American REIT IV Acquires 9-Property Portfolio A portfolio of nine properties throughout the greater Tampa and Orlando areas sold for $109.5 million in early November. Griffin-American Healthcare REIT IV acquired the 1,140-unit portfolio from New Senior Investment Group (NYSE: SNR). Griffin-American Healthcare REIT IV is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC. […]

Senior Housing Finance Activity: PointClickCare Raises $85 Million

PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]

In the Pipeline: Senior Housing Construction Projects (2/12/15)

Construction: Planned NHI, Bickford Senior Living Breaking Ground on Five New Projects National Health Investors, Inc. (NYSE: NHI) last week announced that its joint venture with Olathe, Kan.-based operator Bickford Senior Living will develop five senior housing communities in Illinois and Virginia.  Each community will consist of 60 private-pay assisted living and memory care units […]

Ziegler, LeadingAge Rank Top 150 Nonprofit Senior Living Providers

LeadingAge and Ziegler have teamed once again to release their collaborative analysis of the largest not-for-profit senior living providers in the U.S., but this year the rankings go beyond the traditional top-100 to include the 150 largest organizations in the first-ever LZ 150. Now in its 11th edition, the LZ 150 ranks the largest nonprofit […]