WHITE MARSH, Md. — Monarch Communities, an owner-operator based in the Baltimore suburb of White Marsh, has moved to a new headquarters. Simultaneously, the company announced plans for new communities and changes to its executive leadership. The company has established its corporate office in White Marsh, and now has a portfolio of seven East Coast communities. It operates four in Massachusetts, Connecticut and New Jersey, with over 300 employees and 400 residents. The company is also developing three new communities. One of those, Monarch Coopers Corner, is scheduled to open …
ST. LOUIS and TAMPA — EmpowerMe Wellness, a St. Louis-based integrated healthcare provider serving senior living communities nationwide, has acquired Salus Physical Therapy, one of Florida’s largest providers of outpatient therapy to senior living communities. Based in Tampa, Salus serves 45 senior communities across the state of Florida. All of Salus’ 175 employees have been offered positions by EmpowerMe Wellness, including therapists and corporate office staff. With this acquisition, EmpowerMe Wellness will now serve over 450 senior living communities across more than 20 states. “Through our partnership, EmpowerMe will make …
PLAINVIEW, N.Y. — EW Howell Construction Group has promoted Daniel Williams from vice president and CFO to president and Howard Rowland from president and chief operating officer to CEO. Williams will retain his duties as CFO, while the moves are part of a transition plan to install Rowland as chairman at the end of 2023. Rowland joined EW Howell in 1983 as project manager and became president of the firm in 1997. Williams joined the firm in 2007 as the firm’s controller, and was promoted to CFO in 2016. Williams …
NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) has elected David Pierce to its board of trustees as an independent trustee. With the addition of Pierce, DHC’s board now includes seven trustees. Pierce has served as executive vice president and president of Boston Scientific’s MedSurg since 2018, and president of Boston Scientific’s Endoscopy since 2020. He joined Boston Scientific in 1991 as a territory manager before assuming management-level positions with increasing responsibility. Pierce has served as a director of the Medical Device Manufacturers Association since 2014. He has served as …
SOUTH BEND, Ind. — Strawberry Fields REIT Inc., a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and other healthcare-related properties, has decided to switch from a privately traded REIT to a publicly traded one. The South Bend-based company has publicly filed a registration statement on Form S-11 with the Securities and Exchange Commission (SEC) relating to the proposed direct listing of its common stock on the Nasdaq Capital Market. The listing is expected to take place after the SEC completes its …
KING OF PRUSSIA, Pa. — McGriff, a full-service insurance broker, has hired Michael Welz as a producer in the organization’s senior living practice in Pennsylvania. With nearly 15 years of experience in insurance and financial services, including investment advisory expertise, Welz joins McGriff from another national broker where he served as a consultant/producer based in Philadelphia. He previously served as director of investor relations at Verdis Investment Management. Welz earned his bachelor’s degree in organizational management and marketing from La Salle University.
DALLAS — Lifespace Communities has hired Mike Roach as the company’s chief strategy officer. Roach will play a role in the development, oversight and implementation of strategic planning throughout the Lifespace organization and markets. He will assist in identifying, assessing, developing and managing strategies to expand Lifespace’s capabilities to improve competitiveness and business performance. This work will include product innovation, market expansion, capability-building, partnership creation, mergers, acquisitions and diversification. Most recently, Roach served as vice president of corporate strategy and planning for 1-800-Flowers.com Inc., where he developed an enterprise strategy …
Building ‘a Better Mousetrap’ By Jeff Shaw Elevate Senior Living is a company with one goal in mind: make seniors housing affordable for middle-class people. The introductory press release for the company — which also revealed the groundbreaking of its first project in Clearwater, Florida — said the target market is “the retired police officer, fireman, schoolteacher and everyday American.” Elevate plans to build 11 middle-market seniors housing communities over the next five years. Of course, the industry has grappled with this issue for years. In 2017, the National Investment …
DALLAS — Three, an architecture firm based in Dallas that works in the seniors housing space, has announced it is expanding into interior design, and has hired Sarah Bay as director to lead the charge. A registered interior designer with experience in hospitality, corporate and restaurant projects, Bay brings knowledge of space planning; building and code requirements; finish and furnishing selection and procurement; and coordination with project teams and stakeholder groups. Bay holds a bachelor’s degree in interior design from the University of Texas and an MBA from Colorado Technical …
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has promoted co-founders Ben Firestone and Jacob Gehl to chief executive officer and chief vision officer, respectively. Additionally, longtime team members Ryan Chase, Michael Segal and Steve Thomes are now partners and executive managing directors. Firestone will continue to focus efforts on leading the firm’s management team and perfecting Blueprint’s service offering to continue its mission of delivering optimal solutions. In the role of chief vision officer, Gehl is primarily tasked with developing and executing the firm’s long-term growth …