DES MOINES and CHICAGO — LCS, the third largest U.S. seniors housing operator, has entered into a strategic merger agreement to acquire Vi, an operator of 10 luxury continuing care retirement communities (CCRCs) across the country. Headquartered in Chicago, Vi is a hospitality-inspired senior living company with over 3,000 employees serving more than 4,000 residents. Vi’s CCRCs are located in six states: Arizona, California, Colorado, Florida, Illinois and South Carolina. The company was founded in 1987 as Classic Residence by Hyatt by Penny Pritzker and rebranded as Vi in 2010. …
Company News
AlerisLife to Exit 116 Diversified Healthcare Trust Management Agreements, Sell All Assets
NEWTON, Mass. — Diversified Healthcare Trust (Nasdaq: DHC) has entered into agreements with AlerisLife Inc. and seven different operators to transition the management of 116 of DHC’s senior living communities managed by Five Star Senior Living, the operating division of AlerisLife. The transition of these management agreements will occur in tranches beginning this month (September) and is expected to be completed by year’s end. AlerisLife is also selling all its assets, including its 17 owned communities, and expects to complete a full wind-down of its business and operations in the …
BOSTON — Phoenix3 Holdings, a collection of boutique culinary and hospitality solutions companies, has announced that it is rebranding and transitioning to Phoenix3 Collective. The company operates dining and hospitality programs within the senior living sector. Additionally, Phoenix3 has acquired Quality Culinary Solutions (QCS), an advisory firm dedicated to transforming dining operations within self-operated seniors housing communities. Phoenix3’s full suite now includes seven brands — Innovative Hospitality Solutions, Centicor Procurement Services, CrossCheck Quality Assurance, Culinour, Infuse Hospitality, QCS and Restaura, a dining management company for seniors housing communities.
FREEHOLD, N.J. — Senior living management and consulting firm Distinctive Living has established a new business intelligence team. Distinctive Living recently ranked as No. 36 in the 2025 ASHA 50 list of the largest U.S. seniors housing operators. Under the leadership of executive vice president and CFO Lindsey Hacker, the business intelligence team integrates insights from data to inform operations, sales and marketing decisions. “Our strategic focus on data analytics aligns with the expectations of our capital partners for agile and informed management solutions,” says Joe Jedlowski, chairman and CEO of Distinctive Living. …
MCMINNVILLE, Ore. — Rebecca Pacillas has joined The Springs Living as the company’s new chief people officer. In this role Pacillas will report to the president and lead the company’s people strategy, including talent acquisition, staff retention and training, leadership development and human resources. With more than two decades of experience in human resources leadership, Pacillas most recently served as chief people officer at American Advisors Group. She holds an Associate of Arts degree in business and a Certificate in Human Resources from the University of California, Riverside. “Rebecca is a …
ALAMEDA, Calif. — Alegre Home Care, which provides in-home care assistance to elderly and disabled individuals, is joining Elder Care Alliance (ECA). Based in Alameda, ECA is a non-profit association of senior living communities and part of the Transforming Age network of affiliates. ECA currently serves more than 10,500 older adults through five residential communities and the Mercy Brown Bag Program, which sorts, packs and distributes groceries. Alegre’s founder and CEO Charles Symes will remain in place throughout the ownership transition and will serve as a home care consultant within the …
NEW YORK CITY — Jason Beakas has joined Lument as an originator. Serving in a director role, Beakas will support the firm’s seniors housing and healthcare origination efforts in collaboration with Doug Harper and Casey Moore. Based in Columbus, Ohio, Beakas will serve clients nationwide. Prior to joining Lument, Beakas worked at Lancaster Pollard, which he joined in 2010. Since 2010, Beakas has managed and underwritten more than 200 transactions totaling roughly $1.7 billion across a range of capital structures including FHA/HUD, Fannie Mae and USDA financing, as well as balance …
HOUSTON — Two new leaders, both veterans of the senior living industry, have joined technology company Nobi. Shelley Esden now serves as chief operating officer, and Kim Lody is now chair of the board of directors for the organization. Founded in 2018, Nobi produces AI-powered light fixtures that serve as fall detectors for seniors. Esden, who has more than 25 years of experience in seniors housing organizations, oversees daily operations and lead implementation across communities in her new role. She has held executive roles with both national and regional senior living …
SKOKIE, Ill. — Tony Galvan has joined Covenant Living Communities and Services as vice president of resident experience. Covenant is a non-profit, faith-based senior living organization. In this new role, Galvan is responsible for working with the organization’s 20 communities in all areas impacting resident life, ranging from wellness initiatives to lifestyle programming and more. While Covenant has always placed a strong emphasis on enhancing the resident experience, this is the first leadership position to spearhead those efforts under the umbrella of operations, according to the organization. Galvan has more than …
MARION, Ohio — United Church Homes (UCH) has promoted Amy Kotterman, a registered dietitian nutritionist, to the position of senior executive director of integrated operations. In this new leadership role, Kotterman will oversee multiple interdisciplinary service lines at UCH, including middle-market housing, memory care program management and dining services. UCH serves nearly 7,000 residents across more than 90 communities in 15 states and two Native American nations. As senior executive director, Kotterman will be responsible for strategic planning, operational excellence and program integration across service lines. She will lead efforts to ensure …