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 …
CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based operator, has promoted Earl Parker to CEO. The move is part of a planned transition. The former CEO, Richard Brewer, will stay on as chairman. Michelle Hamilton, formerly senior vice president of operations, was also promoted to fill Parker’s previous role as chief operating officer. Brewer founded the company in 2002 and led the company’s growth from three to 33 communities over the last 19 years. “Since I joined the company in 2013, Commonwealth has grown considerably into one of the largest …
NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR) has elected Frances Aldrich Sevilla-Sacasa as an independent director to the company’s board of directors. “Frances, a seasoned financial services executive and experienced investor, will bring tremendous value to New Senior,” says Susan Givens, president and CEO of New Senior. “She joins the board with extensive experience in real estate, financial services and banking. In addition, her significant public company board expertise will bring additional depth.” Aldrich Sevilla-Sacasa is a private investor and was CEO of Banco Itaú International, …
CHICAGO — Blueprint Healthcare Real Estate Advisors has launched a new capital markets practice, hiring Alex Flora to lead the new department as head of capital markets. The new practice seeks to provide creative debt and equity solutions including capital raising, capital structure advisory and capital markets consulting to the private-pay seniors housing industry. With a decade-long career in the seniors housing industry, Florea has background in capital markets, acquisitions and dispositions at REITs, operators and now a brokerage firm.
CHICAGO — Sentrics, a Chicago-based technology company serving seniors housing, has added Robert Kramer to its Advisory Council. Kramer is the co-founder and former CEO of the National Investment Center for Seniors Housing & Care (NIC). Broadly recognized as one of senior living’s most influential and high-profile thought leaders, Kramer joins a group of leaders providing the Sentrics management team guidance and insight about the trends impacting the services and care in senior living. Kramer, who launched Nexus Insights in 2020, offers new ideas about how to rethink aging and …
DALLAS — OneDay, a Dallas-based technology company offering video storytelling within senior living communities, has hired Eric Varin as vice president of client success and Victoria Repice as vice president of product. The company also promoted Deena Naccarella from vice president of finance to chief financial officer and Carter Severns from director of marketing to vice president of marketing. Varin and Repice bring OneDay to 14 new hires in the last year, which are in response to OneDay’s growth. In 2020 alone, the company increased its customer base by more …
CHICAGO and RICHARDSON, Texas — Chicago-based private equity firm Thoma Bravo has acquired RealPage (NASDAQ: RP), the Richardson, Texas-based provider of property management software, in a deal valued at $10.2 billion. The price tag includes the assumption of the debt of RealPage, which was founded in 1998 and serves owners worldwide, including seniors housing. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon closing of the transaction. The purchase price represents a premium of 30.8 percent over RealPage’s closing stock …
ROSEMONT, Ill. — After serving as president of McShane Construction Co. for 22 years, Jeff Raday will retire at the end of the year. Upon Raday’s retirement from the firm, Mat Dougherty, executive vice president at McShane, will transition into the president’s role. “We have been planning this transition for quite some time,” says Raday. Raday joined the firm in October 1996 as vice president and was promoted to president in March 1998. Under his leadership, the firm broadened its project portfolio and diversified geographically, expanding into new markets across …