NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the nation’s largest operator of senior living communities, has agreed to sell a majority stake in Brookdale Health Care Services (BHS) to HCA Healthcare for $400 million. The BHS unit offers home health, hospice and outpatient therapy services. BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations. Brookdale will retain a 20 percent stake in the business. HCA Healthcare is one of the nation’s leading providers of healthcare services, comprising more …
AUSTIN, Texas, and CHICAGO — After years of working together through an informal partnership, Chicago-based brokerage firm Evans Senior Investments (ESI) and Austin-based financial intermediary Carnegie Capital have announced a strategic joint-venture. The venture aims to bring both companies’ respective brokerage practices under a seamless platform for seniors housing and skilled nursing owners. “We have long seen the fragmented and opaque nature of the Capital Markets space in our industry; it is often frustrating and inefficient for the owners and buyers that we represent,” says Jeremy Stroiman, CEO of ESI. …
WEST PALM BEACH, Fla. — Former Welbrook Senior Living executive Douglas Brawn has announced the creation of a new seniors housing investment, development and operations company named Alta Senior Living. Based in West Palm Beach, with another office in Santa Monica, California, the company is slready seeking investment opportunities in Florida and California. Industry investment veteran Scott McCorvie recently joined the company as chief financial officer and executive vice president of investments “Senior living is going to experience exponential growth over the next five to 10 years, and I want …
SEATTLE and BELLEVUE, Wash. — Washington-based nonprofits seniors housing operators Transforming Age and SHAG (Sustainable Housing for Ageless Generations) have announced the companies have officially affiliated. Transforming Age and SHAG will continue to operate as their own, independent 501(c)(3) nonprofit organizations. The affiliation will be guided by a common board of directors. “As the number of older adults soars, bold moves are needed to ensure seniors have quality homes, access to services and opportunities to thrive no matter their level of income,” says Torsten Hirche, Transforming Age president and CEO. …
WALTHAM, Mass. — Benchmark Senior Living, a Waltham-based provider of senior living services in the Northeast, has appointed Jerry Liang to executive vice president and chief financial officer, effective immediately, and John Hartmayer to executive vice president and chief operations officer, as of March 8. Heather Frahm, the company’s chief marketing officer, was also promoted to executive vice president. Benchmark CFO Sarah Laffey will shift to a part-time consulting role with the company, overseeing its continuing care retirement communities’ (CCRCs) investments and working as a liaison with investors. Liang and …
WHEATFIELD, N.Y. — Calamar Inc., an active adult owner-operator based in the Buffalo suburb of Wheatfield, has rebranded its entire portfolio under the new name of Connect55+. The existing portfolio of 40 communities will offer an extended and more comprehensive active lifestyle program. The current development pipeline, which spans 12 states, will debut under the new banner. This initiative is the launching point for Connect55+ growth strategy to add another 6,000 units to its portfolio within the next 36 months.
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE) has promoted David Sedgwick from chief operating officer to president. He replaces Greg Stapley, who will continue to serve as CEO and chairman. Sedgwick is part of the San Clemente-based REIT’s original management team. He will retain his COO role while serving as president. Sedgwick brings more than 20 years’ experience in the skilled nursing and seniors housing industries to his new role. Before helping to launch CareTrust, he served as chief human capital officer and president of corporate services at …
ORLANDO — V 3 Capital Group, through its affiliate Strive Senior Living LLC, has completed the corporate acquisition of Classic Home Health Services Inc. for an undisclosed price. The acquired company is an in-home healthcare provider that offers medical treatment or assistive care for patients who do not require hospitalization or facility care but do need additional support to live safely in their homes. Strive purchased all assets of the company and will continue operations under the Classic Home Health Services brand. Classic is an established company with 25 years …
McLEAN, Va. — Sunrise Senior Living has appointed Jack Callison Jr. to the role of chief executive officer for Sunrise Senior Living. Callison was selected after an executive search by Ferguson Partners following the December 2020 announcement that Chris Winkle will be leaving the company effective April 1. Callison comes to Sunrise from the CEO position at Enlivant, where he’s served since 2014 and will continue to act as chairman of the board of directors. Enlivant’s current president and chief operating officer Dan Guill will take over Callison’s former post. …
RALEIGH, N.C. — Allbridge, a Raleigh-based provider of technology solutions for senior living properties, has unveiled its new managed services platform designed to meet the evolving needs of senior living communities. The platform, called Vista, connects residents and staff through a package of data network, video and voice solutions, providing communities with a suite of modern technologies. As a HIPAA-compliant business associate, Allbridge meets the design and implementation standards to ensure communities can fulfill HIPAA requirements and stay ahead of security needs. Technology usage has been rapidly growing among older …