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iN2L + LifeLoop Names Navin Gupta as Chief Executive Officer

by Jeff Shaw

DENVER — iN2L + LifeLoop, a Denver-based senior living engagement, wellness and community operations platform, has named Navin Gupta as chief executive officer. Gupta will focus on furthering the combined organization’s mission to impact the aging experience in North America by accelerating its strategic growth. Lisa Taylor, iN2L’s CEO for the past four years, will remain involved as a strategic advisor. With more than two decades in healthcare, security and telecommunications, Gupta recently worked for the home health and hospice division at MatrixCare. He also spent decades leading product development …

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NewPoint Real Estate Capital Expands Seniors Housing Finance Solutions with Agency Loan Capabilities

by Jeff Shaw

WASHINGTON, D.C. — NewPoint Real Estate Capital, a Washington-based lender, has expanded its financing offerings to include seniors housing agency loans. The expansion comes as NewPoint has been designatnated as an approved Fannie Mae seniors housing lender and Freddie Mac Optigo seniors housing lender. NewPoint’s seniors housing agency platform offers fixed- and floating-rate loans with interest-only options and a variety of prepayment structures. Eligible properties include independent living, assisted living and memory care facilities, as well as facilities with a limited amount (maximum 20 percent of NOI) of skilled nursing. …

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Investment Fund Endeavor Plans $500M in Seniors Housing Acquisitions

by Jeff Shaw

DENVER — Endeavor Senior Living has officially launched, with plans to invest $500 million into North American seniors housing assets with a focus on value-add opportunities. The principals of Endeavor encompass over 50 years of experience in seniors housing, behavioral health, real estate development and investments, capital markets, hospitality, branding, marketing and sales. “Building upon our deep perspective into investments, capital markets and operations, Endeavor is poised to capitalize on opportunities to better serve seniors today and for decades to come,” says Kyle Beard, co-founder and managing partner. “Rooted in …

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Pennant Group Acquires Ardent Hospice and Palliative Care

by Jeff Shaw

EAGLE, Idaho and SAN DIEGO — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired the assets of Ardent Hospice and Palliative Care. The San Diego-based company provides hospice and home health services in the Central Valley, Palm Springs, and San Diego. “This off-market acquisition opens the door to new service areas in Palm Springs and the Central Valley, and further strengthens our presence in San Diego,” says Brent Guerisoli, CEO of Pennant. …

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Blueprint Launches Behavioral Healthcare Advisory Group

by Jeff Shaw

CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm focused on seniors housing and other healthcare real estate, has launched a behavioral health advisory group. Industry veteran Andrew Sfreddo will serve as head of behavioral healthcare, and fellow behavioral healthcare real estate veteran Shane Harmon will serve as senior director. In 2020, behavioral healthcare accounted for $90.5 billion of U.S. market value and is on track to reach $132.4 billion by 2027, a 5.3 percent compound annual growth rate, according to Blueprint. Blueprint attributes the rapid growth to …

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AcquisitionsCompany NewsNewsOhioSkilled NursingWest Virginia

Lument Securities Advises Stonerise Healthcare on Whole-Company Sale

by Jeff Shaw

CHARLESTON, W.V. — Lument Securities has advised Stonerise Healthcare, a skilled nursing and transitional care provider based in Charleston, on the company’s sale. The buyer was a group consisting of a New York-based real estate investment firm and its operating partner, CommuniCare Health Services. Stonerise was founded in 2009. Its integrated network of care includes transitional and skilled nursing care, therapy, home health and hospice services, which it provides throughout West Virginia and in Southeast Ohio. The skilled nursing portfolio features 18 owned and operated facilities across West Virginia totaling …

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Ziegler Advises CareConnectMD Regarding $25M Investment from TT Capital Partners

by Jeff Shaw

COSTA MESA, Calif. — Ziegler has advised CareConnectMD (CCMD), a Costa Mesa-based provider of primary care coordination services tailored to meet the needs of complex Medicare participants, on its $25 million financing round led by Minneapolis-based TT Capital Partners (TTCP). CareConnectMD will leverage the investment to deepen its presence in California, Ohio and Texas and expand into other markets while enhancing its technology platform to scale and streamline care delivery. CCMD’s California-based medical group contracts with managed care and insurance plans to provide comprehensive primary and palliative care to high-risk …

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Unitranche Loans Offer Competition with Debt Funds

by Sarah Daniels

Unitranche loan programs blend senior and junior debt pricing and terms into a single, first lien debt facility — a single financing that replaces the multitranche debt approach. The unitranche arrangement provides the benefits of a fully levered mezzanine debt structure, while the single financing structure streamlines the agreement and costs for borrowers. KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp, recently partnered with Welltower to establish a unitranche loan program with $750 million in lending capacity for seniors housing and skilled nursing facilities. Industry expertise …

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Greg Stapley Resigns as Chair of CareTrust REIT Board of Directors

by Jeff Shaw

SAN CLEMENTE, Calif. — Greg Stapley has resigned as the executive chair of the CareTrust REIT (NYSE: CTRE) board of directors. Diana Laing was promoted from lead independent director to replace Stapley’s position with the San Clemente-based seniors housing REIT. CEO David Sedgwick was appointed as a director. Stapley’s resignation from the board follows his relinquishment of the chief executive role in January. As previously announced, Stapley and his wife have accepted a full-time international volunteer assignment for The Church of Jesus Christ of Latter-Day Saints.

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Omnicare Appoints Ahmed Hassan as President

by Jeff Shaw

CINCINNATTI — Omnicare, a CVS Health company based in Cincinnati that provides pharmacy services for seniors housing communities, has appointed Ahmed Hassan as its president. Previously, Hassan served as the vice president and general manager of PBM Care Management, overseeing operations, clinical excellence, product development, sales and account management for Caremark’s Care Management portfolio, including Accordant, Transform Diabetes Care and Health Advisor. Before joining CVS Health in 2015, Hassan held various leadership positions across a range of healthcare and technology organizations in strategy, operations and product management. This experience includes …

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