Executive Home Care Acquires Assisted Living Locators

HACKENSACK, N. J., and SCOTTSDALE, Ariz. — Executive Home Care, a Hackensack-based in-home care provider with a wide range of service options and care programs, has acquired the Assisted Living Locators brand and franchise system. Assisted Living Locators is a…

iN2L + LifeLoop Names Navin Gupta as Chief Executive Officer

DENVER — iN2L + LifeLoop, a Denver-based senior living engagement, wellness and community operations platform, has named Navin Gupta as chief executive officer. Gupta will focus on furthering the combined organization’s mission to impact the aging experience in North America…

Investment Fund Endeavor Plans $500M in Seniors Housing Acquisitions

DENVER — Endeavor Senior Living has officially launched, with plans to invest $500 million into North American seniors housing assets with a focus on value-add opportunities. The principals of Endeavor encompass over 50 years of experience in seniors housing, behavioral…

Pennant Group Acquires Ardent Hospice and Palliative Care

EAGLE, Idaho and SAN DIEGO — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired the assets of Ardent Hospice and Palliative Care.…

Blueprint Launches Behavioral Healthcare Advisory Group

CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm focused on seniors housing and other healthcare real estate, has launched a behavioral health advisory group. Industry veteran Andrew Sfreddo will serve as head of behavioral healthcare, and fellow…

Lument Securities Advises Stonerise Healthcare on Whole-Company Sale

CHARLESTON, W.V. — Lument Securities has advised Stonerise Healthcare, a skilled nursing and transitional care provider based in Charleston, on the company’s sale. The buyer was a group consisting of a New York-based real estate investment firm and its operating…

 

Unitranche Loans Offer Competition with Debt Funds

Unitranche loan programs blend senior and junior debt pricing and terms into a single, first lien debt facility — a single financing that replaces the multitranche debt approach. The unitranche arrangement provides the benefits of a fully levered mezzanine debt…

Greg Stapley Resigns as Chair of CareTrust REIT Board of Directors

SAN CLEMENTE, Calif. — Greg Stapley has resigned as the executive chair of the CareTrust REIT (NYSE: CTRE) board of directors. Diana Laing was promoted from lead independent director to replace Stapley’s position with the San Clemente-based seniors housing REIT.…

Omnicare Appoints Ahmed Hassan as President

CINCINNATTI — Omnicare, a CVS Health company based in Cincinnati that provides pharmacy services for seniors housing communities, has appointed Ahmed Hassan as its president. Previously, Hassan served as the vice president and general manager of PBM Care Management, overseeing…

Greystone Appoints Hafize Gaye Erkan as CEO

NEW YORK CITY — Greystone, a New York-based national real estate finance company that serves the seniors housing industry, has appointed Hafize Gaye Erkan as its chief executive officer (CEO). Erkan’s executive responsibilities will commence in September 2022. She will…

AlerisLife Appoints Jeff Leer as President, CEO

NEWTON, Mass. — AlerisLife Inc. (NASDAQ: ALR), a Newton-based operator, has appointed Jeff Leer as president and chief executive officer. Leer was already serving in both roles on an interim basis. He will also continue to serve as chief financial…

Pennant Group Appoints Brent Guerisoli as CEO

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, has appointed Brent Guerisoli, current president of Pennant, to succeed Daniel Walker as Chief Executive. Walker…

Drive Development Partners Merges with Lloyd Jones

MIAMI — Drive Development Partners, a boutique development advisory and construction management firm, has merged with Lloyd Jones, a real estate investment firm. Both companies are headquartered in Miami. Drive, which specializes in senior living and multifamily developments, matches Lloyd…

Goodwin House Rebrands as Goodwin Living

ALEXANDRIA, Va. — Goodwin House Inc., a nonprofit, faith-based senior living and healthcare services organization based in Alexandria, is rebranding as Goodwin Living. The new brand name better reflects the organization’s mission and a significant increase in its support of…

Greatness Digital Marketing Agency Shifts Focus to Senior Care

ALBANY, Ore. — Greatness Digital, a marketing agency located in Albany, has announced the official pivot toward the senior care and senior living industries. “The approach that we take requires us to really get to know our clients and their…

Puget Sound Nonprofits Combine to Create New Affordable Housing Brand

BELLEVUE, Wash. — Three Puget Sound-based nonprofits have come together to create CIRC, a new brand that provides affordable housing and services to seniors and families. Sustainable Housing for Ageless Generations (SHAG), the Community Life Foundation (CLF) and Downtown Action…

Ridgeline Management Moves Headquarters from Oregon to Texas

ROCKWALL, Texas — Ridgeline Management Co. has moved its home office from West Linn, Oregon, to Rockwall, Texas. Ridgeline expects this move to allow them to better serve their expanding portfolio, especially in Texas. “Transitioning our home office is just…

Welltower Buys Seven West Coast Communities for $344M

TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has expanded its strategic partnership with Oakmont Management Group, a West Coast operator of Class A seniors housing communities. Welltower agreed to purchase seven senior living communities, subject to customary closing conditions, which…