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Grow Your Occupancy Promotes Dani Merlino to COO

by Jeff Shaw

BRENTWOOD, Tenn. — Grow Your Occupancy, a Brentwood-based senior living services firm, has promoted Danielle Merlino to chief operating officer. Merlino served previously as vice president of strategic development. Merlino’s 20 years in the senior living industry spans operations, sales and marketing roles from community relations director to vice president of sales and operations. She has spent time at Jaybird Senior Living, Five Star Senior Living, Provision Living, Peterson Health Care and Lutheran Life Communities. Merlino will continue to be a visible member of the Grow Your Occupancy team at …

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American Healthcare REIT Plans Initial Public Offering

by Jeff Shaw

IRVINE, Calif. — American Healthcare REIT Inc., a formerly private REIT focusing primarily on medical office buildings, seniors housing, skilled nursing facilities, hospitals and other healthcare-related facilities, has announced plans for its public offering of 56 million shares of its common stock. The initial public offering price is expected to be between $12 and $15 per share. The company’s common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol AHR. Irvine-based AHR intends to use the net proceeds …

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Ebenezer, Fairview Senior Services CEO Jon Lundberg Announces Planned Retirement

by Jeff Shaw

ST. PAUL, Minn. — Jon Lundberg, president and CEO of both Fairview Senior Services and its subsidiary Ebenezer Senior Living, has announced his plan to retire in September. Lundberg, who initially joined Ebenezer in 2007 as chief operating officer, assumed the role of president and CEO in 2017. During his tenure, he played a pivotal role in the growth of St. Paul-based Ebenezer, seeing its expansion to more than 120 locations across six states. Lundberg’s career included adapting to regulatory changes, such as the implementation of new assisted living regulations …

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Discovery Launches Arvum Senior Living Operator Brand

by Jeff Shaw

BONITA SPRINGS, Fla. — Discovery Senior Living, a Bonita Springs-based operator with the fifth-largest portfolio in the country, has launched its latest operating company, Arvum Senior Living.  The new brand manages the company’s Midwest portfolio, including properties in Illinois, Iowa, Kansas, Missouri and Wisconsin, with plans to strategically manage communities throughout the Great Plains region. The launch is part of Discovery’s evolving regional operating company structure. As an operating company of Discovery, Arvum will function as a local management company with a dedicated leadership team, leveraging the comprehensive support services …

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AcquisitionsCompany NewsNews

Transforming Age, Elder Care Alliance Complete Affiliation Agreement

by Jeff Shaw

BELLEVUE, Wash. — Transforming Age, a Bellevue-based nonprofit operator, has completed its affiliation with Elder Care Alliance (ECA).  By combining their expertise, the two organizations aim to strengthen and grow their mission impact and better address the evolving needs of older adults across the economic spectrum, according to Transforming Age. Transforming Age is one of the nation’s largest nonprofit senior living providers, serving more than 125,000 older adults by integrating housing, community services, technology, philanthropy and partnerships.  Guided by a similar set of values and rich culture, San Francisco Bay …

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LTC Completes Restructuring of Relationship with Brookdale

by Jeff Shaw

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based REIT that invests in seniors housing and healthcare properties, has completed its previously announced process involving its 35-property Brookdale Senior Living portfolio.  Through the process, 17 communities across four states including Colorado (six), Texas (six), Kansas (four) and Ohio (one) with a total of 738 units, were re-leased to Brookdale. The new master lease, which commenced in January 2024, is for six years at an initial annual rent of $9.3 million. Five communities in Oklahoma, with a total …

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Brookdale Extends Debt Maturities with Two Financing Transactions, Sells Stake in Home Health Company

by Jeff Shaw

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the massive, Nashville-based seniors housing operator, has completed two transactions that refinanced all of its remaining 2024 debt maturities. After giving effect to these transactions, the company’s next debt maturity without extension options is September 2025. The company has also made significant progress on a financing transaction involving 11 of its currently unencumbered owned communities, which it expects to complete in the coming months. Additionally, in December, the company sold its remaining 20 percent equity interest in its Health Care Services …

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Retirement Unlimited Acquires Brandywine Living, Forming 59-Property East Coast Owner-Operator

by Jeff Shaw

ROANOKE, Va., and MOUNT LAUREL, N.J. — Roanoke-based Retirement Unlimited Inc. (RUI) has acquired Mount Laurel-based Brandywine Living. The combined companies total 59 communities and 6,739 units of independent living, assisted living and memory care. Terms of the transaction were not disclosed. Brandywine’s 31 senior living communities are predominately concentrated in New Jersey, with additional communities located in Connecticut, Delaware, Maryland, New York and Pennsylvania. Following the transaction, the communities will continue to operate under the Brandywine Living brand to ensure continuity for both residents and staff.  RUI currently manages …

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Glenmeadow Announces New Board Leadership, Staff Promotions

by Jeff Shaw

LONGMEADOW, Mass. — Glenmeadow Inc., a Longmeadow-based provider of senior retirement options, has elected new leadership and new members to its board of directors.  Michael Tremble, CEO of Valley Communications, will serve as chair. Kelly Koch, probate and family law attorney with Raipher, will serve as vice chair. Erin Koebler, executive director of the East Longmeadow Council on Aging, will serve as clerk. Retired banking executive Mary Meehan serves as treasurer. The board of directors also welcomed three new members: Barbara Buddington, Glenmeadow resident; Rory O’Brien, vice president, chief compliance …

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AcquisitionsCompany NewsIllinoisMissouriNews

Lutheran Senior Services Agrees to Acquire St. Louis Home Health

by Jeff Shaw

ST. LOUIS — Lutheran Senior Services (LSS), a nonprofit provider of care, services and senior living for older adults in Missouri and Illinois, has agreed to acquire St. Louis Home Health (SLHH) for an undisclosed price. LSS, which already provides home health services among its offerings, cited the SLHH’s orthopedic expertise as a key reason for the acquisition, as well as its extended footprint in Illinois. The transaction is expected to close at the end of this month.

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