Revenue growth ‘surpassing industry trends,’ Sonida CEO says
By
Kathleen Steele Gaivin
Nov 15, 2023
Sonida Senior Living has seen year-over-year revenue growth that is “surpassing industry trends,” President and CEO Brandon Ribar said in a press release issued in conjunction with Tuesday’s third-quarter...
Skilled nursing deals see record year amongst senior housing and care M&A
By
Kathleen Steele Gaivin
Jan 12, 2023
Skilled nursing transactions set a record in 2022 for the highest number of transactions in a single year, according to data from LevinPro LTC.
Charter Senior Living adds 13 former Cedarhurst communities to portfolio
By
Kathleen Steele Gaivin
May 30, 2024
Naperville, IL-based Charter Senior Living has assumed management of 13 communities in Illinois and Wisconsin.
Supreme Court declines to review negligence suit
By
Kathleen Steele Gaivin
Dec 08, 2021
U.S. Supreme Court justices declined on Monday to review a South Carolina court’s decision refusing to enforce an arbitration clause in a negligence case brought against an assisted living facility.
Invesque continues to sell SNFs in shift to private-pay senior living
By
Kathleen Steele Gaivin
Mar 18, 2024
Invesque continues to sell the skilled nursing facilities in its portfolio to focus predominantly on private-pay senior living, the Fishers, IN-based healthcare real estate company reported in a full-year...
Trustwell Living acquires Illinois assisted living community
By
Kathleen Steele Gaivin
Jun 01, 2022
New York-based Trustwell Living closed last month on a senior living community in Springfield, IN, the company recently announced. It reportedly is the first acquisition for the company, founded in January...
IRA Capital launches $500M fund with a focus on senior housing
By
Kathleen Steele Gaivin
Aug 16, 2023
IRA Capital has launched a $500 million closed-end real estate fund focused on senior housing and medical properties acquisitions across the United States, the company announced last week. The fund is...
Capital Funding Group sets record in 2021, financing more than $3.8B
By
Kathleen Steele Gaivin
Jan 25, 2022
Capital Funding Group doubled its 2020 annual financing total with a record-setting $3.8 billion in 2021, the provider of financing solutions for multifamily properties and healthcare facilities disclosed...
Pennant sees ‘meaningful progress’ in fourth quarter
By
Kathleen Steele Gaivin
Feb 27, 2023
Despite labor and inflationary pressures, the Pennant Group’s full-year and fourth-quarter 2022 financial results demonstrate progress in both senior living and home health / hospice, according to Brent...
Industry veteran hopes new company will be ‘next best regional operator’
By
Kathleen Steele Gaivin
Feb 09, 2022
Eighteen-year senior living veteran Scott McCorvie launched Vita Senior Living this month with plans to acquire select communities in Florida.