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Mirador CCRC in Texas Names Chuck Childress Executive Director

by Channing Hamilton

CORPUS CHRISTI, Texas — Mirador, a continuing care retirment community in Corpus Christi, has hired Chuck Childress as executive director to succeed Deborah Nugent, who is retiring after serving 13 years at the helm. Mirador is part of the Methodist Retirement Communities (MRC), a not-for-profit service ministry that provides seniors housing and healthcare services in Texas to about 2,000 residents. His first day on the job was Sept. 30. Childress previously worked for MRC, serving on the organization’s central support services team, initially as senior vice president of operations before …

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LCS CEO Joel Nelson Announces Retirement Plan, COO Chris Bird to Take Reins

by Jeff Shaw

DES MOINES, Iowa — After nearly four decades in the senior living industry, LCS CEO Joel Nelson has announced his succession plan.  Nelson has led the Des Moines-based owner-operator since 2018, one of only four who have held the title since the company’s start in 1971. Chris Bird, LCS president and chief operating officer, will be promoted to president and CEO, effective Jan. 1.  Nelson will continue to serve chairman of the LCS board and as a member of the company’s investment committee. He will also complete his remaining term …

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Company NewsNewsPeopleTexas

Buckner Retirement Services Appoints Ken Robbins as Interim President 

by Jeff Shaw

DALLAS — Buckner Retirement Services, a nonprofit operator based in Dallas, has hired Ken Robbins to serve as interim president.  Robbins will help a transition in leadership as the provider seeks a replacement for Charlie Wilson following his resignation as president. Wilson’s resignation is effective Aug. 31 after serving with Buckner for 24 years.  Over the next three weeks, Wilson will work closely with Robbins to bring him up to speed on the organization and the seven Buckner senior living communities it operates. Jeff Gentry, executive vice president and chief …

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White Oak at North Grove, Spartanburg, S.C.
AcquisitionsCompany NewsNewsNorth CarolinaOperationsSkilled NursingSouth Carolina

Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds

by Jeff Shaw

SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …

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The Pennant Group Increases Credit Facility to $250M

by Jeff Shaw

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the Eagle-based parent company of the Pennant group of affiliated home health, hospice and senior living companies, has increased its credit facility by $100 million to an aggregate of $250 million.  The borrowings are supported by a lending consortium arranged by Truist Securities. The new facility expires on July 31, 2029. “This amended facility further strengthens our balance sheet, and together with our strong operating cash flow, creates significant dry powder for future growth,” says Brent Guerisoli, Pennant’s CEO. In addition …

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Company NewsFrom The MagazineOperations

Company Profile: A Holistic Approach to Care

by Jeff Shaw

Lifespark seeks to create a comprehensive healthcare system for seniors that takes wellness into account. By Jeff Shaw The executives at Lifespark want to make something extremely clear: It is not a seniors housing company. Seniors housing is simply one element in its larger plans to revolutionize healthcare for seniors. Based in the Minneapolis suburb of St. Louis Park, Lifespark has over 3,000 employees and serves over 30,000 seniors throughout Minnesota and Wisconsin. But that 30,000 number comes despite having only 3,256 seniors housing units. The rest are served through …

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AcquisitionsCompany NewsNewsTechnology

Senior Living Tech Company LifeLoop Acquires Resident Engagement Platform Linked Senior 

by Jeff Shaw

DENVER — LifeLoop, a Denver-based resident and staff experience solution for senior living, has acquired Linked Senior, an evidence-based resident engagement platform supporting person-centered care.  This acquisition brings together two senior living resident experience solutions. This merger comes as the industry actively prepares to support the influx of 76 million seniors who are aging into and exploring senior living care and lifestyle options. This need is compounded further by ongoing caregiver and staffing shortages that impact operators’ ability to provide exceptional services and experiences. “Mission alignment was essential for us …

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River Birch Living, Springfield, Illinois
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Midwestern Nonprofit Operator Christian Horizon Files for Chapter 11 Bankruptcy

by Jeff Shaw

ST. LOUIS — Midwest Christian Villages, a St. Louis-based operator of Christian Horizons-branded seniors housing communities, has filed for reorganization under Chapter 11 bankruptcy. The company operates 12 communities in Illinois, Indiana, Missouri and Iowa. The nonprofit, faith-based organization owns and operates a portfolio of seven life plan communities and five standalone communities offering a mix of independent, assisted and supportive living; memory care; skilled nursing; and short-term rehabilitation. Chapter 11 bankruptcies in long-term care and healthcare reached a multi-year high in the first quarter, according to the Polsinelli-TrBK Distress …

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House Analytics Hires Natalie Cheney as CEO

by Jeff Shaw

ATLANTA — House Analytics, an Atlanta-based commercial real estate analytics company with seniors housing and student housing branches, has appointed Natalie Cheney as its CEO. Cheney has a track record of driving growth and innovation in software and will seek to scale and expand the company’s offerings. Previously, Cheney has held various C-Suite positions and was instrumental in multiple exits for those respective businesses. Founder Charlie Matthews will continue to work closely with Cheney as the company’s chief growth officer.

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Welltower Announces $900M Private Offering

by Jeff Shaw

TOLEDO, Ohio — Welltower Inc. (NYSE: WELL), a Toledo-based REIT and the largest owner of seniors housing in the United States, has announced a private offering of $900 million in exchangeable senior notes. The initial offering was initially priced at $750 million, meaning interest was presumably high when the total was raised by a third after just one day. The notes will accrue interest payable semi-annually in arrears on Jan. 15 and July 15 of each year at a rate of 3.125 percent per year.  The notes will mature on July …

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