KANSAS CITY, Mo. — Serviam Care Network, a Kansas City-based technology company and network of senior care providers, has partnered with WelcomeHome Software to drive its mission of expanding its efforts to bring value-based care services to its members. “In the next decade, senior living will move to a value-based care system,” states a press release from the company. “Serviam is committed to helping senior living operators access the right tools, systems and revenue streams to embrace and succeed under this care delivery model. This strategic shift to fully focus …
CHICAGO — Andrew Agins and Justin Dickinson have announced the launch of Evolve Senior Living, a Chicago-based operator. The two partners and co-founders both worked at Anthology Senior Living, a Chicago-based operator and subsidiary of CA Senior Living Co. “For the last two decades, we have been not only owners of seniors housing communities but also worked in various capacities in the sector including development, acquisitions, asset management, operations and technology,” the pair said in a press release. “We recognize the challenges in the industry. We also understand the strategies …
EAGLE, Idaho — 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 Valor HospiceCare, which provides skilled hospice services in Tucson, Green Valley, and Sierra Vista, Arizona. “We are pleased to expand our operations in the state of Arizona, complementing our Emblem Hospice and Agape Hospice agencies in Tucson and Green Valley, and expanding into Sierra Vista with Valor HospiceCare,” says Brent Guerisoli, CEO of Pennant.
NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) and Office Properties Income Trust (NASDAQ: OPI) have mutually agreed to terminate their previously announced merger agreement dated April 11, 2023, pursuant to which OPI had agreed to acquire all outstanding common shares of DHC. The mutual termination was approved by the respective special committees and boards of trustees of OPI and DHC. The parties have agreed that each company will bear its costs and expenses in connection with the terminated transaction pursuant to the terms of the merger agreement, and that neither party …
NEWPORT BEACH, Calif. — Insight Living and Smilefish have announced a strategic partnership aimed at using artificial intelligence (AI) to drive innovation in senior care. By jointly developing AI-anchored technology, the companies aim to accelerate care innovation in long-term care and residential settings. Smilefish is a machine learning and data science provider focused on accelerating digital transformation, automation and enablement of AI application development for clients and partners. Smilefish has software and data management experience for a range of healthcare and life sciences partners. Insight Living believes senior living operators …
LOUISVILLE, Ky. — Aline, a Louisville-based provider of an all-in-one operating system for senior living, has appointed Jonathan Blackburn as chief revenue officer and Ryan Johnson as chief financial officer. Aline was formed in October 2022, as the result of the merger of software providers Enquire, Glennis Solutions and Sherpa CRM. Blackburn will be responsible for leading Aline’s commercial strategy across its portfolio of CRM automation, operational, care and digital payments solutions. Prior to joining Aline, Blackburn served as the chief revenue officer for Therapy Brands, a mental and behavioral …
RALEIGH, N.C. — NIC MAP Vision, a Raleigh-based seniors housing data and analytics company, has launched a new listings service for brokers of seniors housing real estate. The service, labeled as “Real Estate” within NIC MAP Vision’s client platform, is the first online and free source of listings for high-quality seniors housing real estate. This service further expands the reach of the seniors housing investment sales community, facilitating access to the thousands of monthly active users on NIC MAP’s portal and offering more than $400 million in deal volume available. …
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) has named senior living and healthcare expert Lisa McCracken head of research and analytics, effective Oct. 1. McCracken will oversee NIC’s research and analytics team, which develops actionable, data-driven insights on industry challenges and opportunities. She will drive a research agenda with nationally recognized partners to help the next generation of seniors housing and care leaders address evolving and dramatically different consumer preferences and needs. She will also showcase practical examples of how organizations nationwide are embracing …
HUNT VALLEY, Md. — Omega Healthcare Investors (NYSE: OHI), a Hunt Valley-based REIT, has entered into a new two-year, $400 million senior unsecured term loan. The loan matures on Aug. 8, 2025, with two options by the company to extend the maturity by 12 additional months for each option, subject to certain conditions. The loan includes an “accordion feature” that permits the company to expand its borrowing capacity to an aggregate of up to $500 million. A syndication of 14 financial institutions is providing the capital. BofA Securities Inc. is …
ARDMORE, Pa. — Meyer, an Ardmore-based architecture and design firm that works in seniors housing, has launched a new brand identity and website. Meyer’s commitment to its next stage is reflected in the firm’s renewed mission, “to create possibilities for people to be and belong.” The firm’s portfolio spans corporate, senior living, multifamily, active adult, life sciences, higher education and healthcare markets nationwide. In February 2020, Meyer announced the promotion of Alicia Karr from CFO to president. In her previous role, Karr led the transition of the company from privately …