Company News

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

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. Chapter 11 bankruptcies in long-term care and healthcare reached a multiyear high in the first quarter, according to the Polsinelli-TrBK Distress Indices Report, published in May. The company will continue operations throughout the restructuring process. The company’s investment bank has been and continues to solicit and receive bids from going-concern buyers in a marketing process. …

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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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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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AUSTIN, Texas — Seniors Housing Business has earned three awards from the National Association of Real Estate Editors (NAREE) for the magazine’s work in 2023. The awards were given out Thursday, June 20 during an event at the Hyatt Regency Hotel in Austin. It was the 74th annual event for the organization, which “recognizes excellence in reporting, writing, and editing stories about residential and commercial real estate.” A panel of expert judges from the Medill School of Journalism at Northwestern University selected all winners. Medill’s Karen Springen chaired the panel.  Of the three …

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CHICAGO — Focus Healthcare Partners LLC has completed the final closing of Focus Senior Housing Fund II LP, a closed-end, commingled, discretionary real estate fund targeting private-pay seniors housing. The fund raised approximately $370 million in capital commitments.   The fund is 20 percent larger than its predecessor vehicle despite a challenging fundraising period for commercial real estate, thanks to strong support from new and existing limited partners, according to Chicago-based Focus. Investors in the fund include university endowments, state and corporate pension funds, insurance companies, wealth managers, family offices and …

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TOLEDO, Ohio — Welltower (NYSE: WELL), a Toledo-based REIT that is the largest owner of seniors housing in the country, has announced plans to transition a portfolio of 89 Holiday by Atria properties to new operators. Welltower acquired the bulk of the properties in 2021 as part of Atria Senior Living’s acquisition of former independent living giant Holiday Retirement, which at the time represented the seventh-largest seniors housing operator buying the third-largest. The American Seniors Housing Association, which tracks the 50 largest U.S. owners and operators of seniors housing annually, reports …

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Crescent-Fields-at-Huntingdon-Valley

FREEHOLD, New Jersey and TAMPA, Fla. — Distinctive Living, a New Jersey-based seniors housing operator and developer that is expanding nationally, has acquired Validus Senior Living Management, a Tampa, Florida-based operator.  Headquartered in Freehold, N.J., Distinctive Living currently operates 46 communities and has 14 under development via its development services platform, Distinctive Living Development LLC. More specifically, the company operates and is developing active adult, assisted living, independent living, and memory care communities throughout the country. Validus is an owner, operator and third-party manager of senior living communities throughout the Southeast. …

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KING OF PRUSSIA, Pa. — HealthSignals, a King of Prussia-based tech company, has signed a national group purchasing agreement for telehealth with Premier Inc.  The agreement allows Premier members to benefit from specially negotiated pricing and terms for Wi-Fi, cellular boost, dedicated internet access, fixed wireless and other telecommunications services, improving wireless infrastructure and facilitating telehealth and telemedicine applications.

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ST. LOUIS and MIDDLETOWN, Pa. — Lutheran Senior Services (LSS), a faith-based, nonprofit operator based in St. Louis, has agreed to merge with Diakon Lutheran Social Ministries, a Middletown-based nonprofit operator. The agreement will bring Diakon’s senior living operations and four life plan communities under LSS management and form the 12th largest nonprofit seniors housing organization in the country, according to the two companies. The combined entity will features nearly $350 million in annual revenues across 12 life plan communities, one assisted living community and nine affordable seniors housing communities, as …

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