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 …
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 …
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 …
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 …
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 …
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 …
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 …
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.
SKOKIE, Ill. — Covenant Living Communities and Services, a nonprofit, faith-based senior living organization headquartered in Skokie, has announced that CEO Terri Cunliffe will retire in the spring of 2024 from Covenant Living after 34 years with the organization. Cunliffe started her career in 1987 as an administrator in training at Covenant Living of Golden Valley in the Minneapolis metropolitan area. While working to obtain her healthcare administrator license, she was asked to move to Florida to help open a new assisted living community at Covenant Living of Florida. She …
NEWARK, Del. — Kendal, a Newark based nonprofit owner of large-scale continuing care retirement communities (CCRCs), has hired Vassar Byrd as CEO. She will join the organization in January. Byrd previously led Rose Villa, a CCRC in Portland, Oregon, through a 10-year transformation before announcing her plans to move on this summer. She also recently served as president of LeadingAge Oregon’s Board of Directors. Amy Harrison, who has served as interim CEO since the beginning of the year, will resume her role as chief financial officer.