CHICAGO — Ventas Inc. (NYSE: VTR) has appointed Michael Embler, former chief investment officer of Franklin Mutual Advisors, to its board of directors. Jay Gellert, who has served on the Ventas board since 2001, will retire from the board at the company’s annual meeting in May. Embler will serve on Ventas’ investment and audit committees. Ventas also announced that Melody Barnes is expected to serve as chair of the Nominating & Corporate Governance Committee, effective at the company’s annual meeting. Embler, 57, is an institutional investor with 30 years of …
LOS ANGELES — For an investor and operator, the most important factors a seniors housing company needs to have down to a science are staff recruitment and accountability, proper use of data and strong partnerships, according to Justin Dickinson, executive vice president with Pathway To Living. “There are three near-term goals that I’m focused on: operations, data and growth,” said Dickinson, who was named as successor to retiring CEO Jerry Finis as head of Pathway to Living earlier this year. His comments came during his keynote address at France Media’s …
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has entered into a memorandum of understanding with Welltower (NYSE: WELL) regarding a lawsuit over a portfolio of Holiday Retirement properties. The agreement sets forth principal terms by which NHI and Welltower agree to operate until the execution of a final settlement agreement resolves the litigation. The agreement states that both REITs wish to transition the 16 communities to new tenants. The two companies will cooperate to sell one of the communities. Meanwhile, Welltower will pay NHI $6.9 million, which will …
SALT LAKE CITY — Bridge Investment Group Holdings Inc. (NYSE: BRDG) has launched a $75 million program to acquire, develop and operate needs-based seniors housing assets within the United States. As part of the venture, StepStone Real Estate co-invested in an existing portfolio managed by Salt Lake City-based Bridge and intends to help build the platform by co-investing in other seniors housing assets identified by Bridge in the future. “Bridge’s partnership with StepStone represents a strategic milestone as we continue to expand our needs-based seniors housing strategy,” says Robb Chapin, …
BLOOMFIELD, N.J. — QX Global Group, a Bloomfield-based business process outsourcing company, has acquired an 80 percent stake in Austin, Texas-based Chazey Partners, a management consulting and advisory firm specializing in business and digital transformation. The Chazey Partners team brings decades of experience in implementing and operating business support and shared services organizations around the globe, with experience in robotic process automation (RPA) and artificial intelligence (AI). Together, QX and Chazey Partners will work to deliver solutions that cover consulting, digital services and business process outsourcing. Clientele includes seniors housing …
MORRISVILLE, N.C. — K4Connect, a Morrisville-based health technology company that builds tech for older adults, has received $12 million in additional venture financing since the beginning of the COVID-19 pandemic. The credits the “undeniable need for dependable and scalable resources that can support the older adult population with easy access to important information, socialization tooling, communications and safety.” New investors include Forte Ventures, Second Century Ventures (National Association of Realtors), and senior living industry leaders such as Daniel Decker, president of CoastWood Senior Housing Partners; William Petty, BPOC founder and …
BALTIMORE — Erickson Senior Living, a Baltimore-based developer and manager of continuing care retirement communities (CCRCs), has hired Christian Sweetser as chief financial officer (CFO). Sweetser will oversee the planning, implementation and direction of Erickson Senior Living’s fiscal function and performance. This includes participating in the development of the company’s strategic plans and programs while evaluating and advising on long-range plans, as well as providing financial and trend analysis. Prior to joining Erickson Senior Living, Sweetser most recently served as CFO of Silverado, an Irvine, California-based memory care company. Before …
DILLSBURG, Pa. — Presbyterian Senior Living (PSL) has announced that James Bernardo, president and CEO, will retire at the end of 2022. Bernardo has been employed at PSL for 37 years, serving in a number of positions from executive director to chief operating officer and for the last three years as president and CEO. During his long career in aging services, Bernardo also served on the board of directors of LeadingAge, as the association’s treasurer, and past chair of its membership and education committees, in addition to serving as past …
ORLANDO — Senior living veteran Scott McCorvie has launched a new venture, Vita Senior Living. The Orlando-based company is looking for value-add acquisitions in Florida. “Vita is Latin for Life, and that’s exactly what our mission and purpose is each day — to improve lives, plain and simple,” says McCorvie, CEO of the new company. “Each investment includes a specific plan to update the design and aesthetic appeal. Even relatively minor changes to the FF&E, unit mix, lighting, technology and community amenities can make a huge impact to the resident’s …
ITASCA, Ill. — Henricksen, an Itasca-based contract furniture dealership specializing in office, healthcare, education, government, senior living and hospitality spaces, has acquired Synergy Business Environments. The acquisition will combine the companies’ strengths, product and industry knowledge, and commitment to client service to expand Henricksen’s presence. Synergy Business Environments has officially changed its name to Synergy, A Henricksen Company. Synergy Business Environments is a full-service contract furniture and architectural solutions company with offices in Nashville, Knoxville and Chattanooga, Tennessee. Synergy Business Environments and Henricksen share key manufacturer partnerships, including HNI, OFS, …