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Juniper Communities Promotes Anne Campbell to Vice President of Operations

by Jeff Shaw

BLOOMFIELD, N.J. — Juniper Communities, a Bloomfield-based owner-operator, has promoted Anne Campbell to vice president of operations.  As part of the home office leadership team, Campbell will help plan the future direction and operations of Juniper’s senior living communities and its ancillary businesses. Campbell has been with Juniper Communities since July 2014. In addition to her role with Juniper, Campbell is a member of the board of directors for the Assisted Living/Personal Care, Pennsylvania Healthcare Association; past president of the Geriatric Interest Network of Centre County, Pennsylvania; and was an …

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12 Oaks Senior Living Hires Melissa Labor as Chief People Officer

by Jeff Shaw

DALLAS — 12 Oaks Senior Living, a Dallas-based regional senior living management company, has hired Melissa Labor as chief people officer. With over 25 years of experience, Labor has a background in commercial real estate, manufacturing and retail. In her previous roles as a head of talent at Amherst Holdings and CHRO at Granite Properties, Labor was a strategic partner. She is also founder and chief thought leader of Bespoke – People and Culture Strategies, a consulting and coaching practice. Labor is a certified Senior Professional of Human Resources (SPHR) …

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Christian Horizons Names Kate Bertram as President, CEO

by Jeff Shaw

ST. LOUIS — Christian Horizons, a St. Louis-based operator, has named Kate Bertram as president and chief executive officer (CEO). Bertram joined Christian Horizons in March 2022 as chief operations officer with 20 years of experience in senior services and older adult living. She has an MBA from Mount Mary University and has been an active participant in the aging services industry including LeadingAge Wisconsin and the National MS Society’s Wisconsin chapter.

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Care Purchasing Services Hires David Mercugliano as Director of Business Development

by Jeff Shaw

DES MOINES, Iowa — Care Purchasing Services (CPS), an LCS Company, has hired David Mercugliano as director of business development. CPS is a group purchasing for the senior living industry. Its national purchasing power allows its members to realize cost savings from more than 250 suppliers in operations, food service, medical supplies, therapy, pharmacy and more. In his new role, Mercugliano will be responsible for increasing CPS membership to ensure our overall purchasing power and solutions grow, remain strong and drive results for members. His role will work alongside senior …

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Diversified Healthcare Trust Defaults on Credit Facility as Appraised Value of Collateral Properties Declined 22 Percent

by Jeff Shaw

NEWTON, Mass. ­— Diversified Healthcare Trust (NASDAQ: DHC), a Newton-based REIT, has announced that a non-monetary event of default has occurred under its $450 million credit facility. The facility requires DHC to maintain collateral properties with an aggregate appraised value of at least $1.09 billion. The facility allows the facility’s administrative agent to periodically reappraise the collateral properties. On June 23, the administrative agent notified DHC that the reappraised value of the 61 medical office and life sciences properties securing the facility had declined from $1.34 billion to $1.05 billion, …

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Company NewsDevelopmentFrom The Magazine

Cogir, Cadence Are Bigger, Better Together

by Jeff Shaw

With its acquisition of Cadence Living, Cogir Senior Living is building a company with wide-ranging expertise. By Jeff Shaw In a time when large-scale, entity-level acquisitions have been nearly non-existent, Cogir Senior Living’s acquisition of Cadence Living in November stood out. Both companies have a focus on the West Coast, and the combined total number of units is approximately 8,000 across nine states, making the company the 21st largest operator in the United States. Cogir is the Sacramento-based subsidiary of Cogir Services LP, a Montreal-based real estate company operating over …

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Birchwood Closes Fundraising for Seniors Housing Investment Fund

by Jeff Shaw

CHICAGO — Birchwood Healthcare Partners has concluded initial fundraising for the 5V+ Seniors Healthcare Fund. Established in 2014 in Chicago, Birchwood is a fully-integrated and diversified investment firm targeting the intersection of operations and real estate for the rapidly growing seniors healthcare demographic. The 5V+ Seniors Healthcare Fund provides exposure to four key verticals of seniors healthcare: seniors housing, healthcare services, transitional & long-term care and active adult.

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CCRCCompany NewsIllinoisNews

Friendship Village CCRC Files for Chapter 11 Bankruptcy, Seeks Sale

by Jeff Shaw

SCHAUMBURG, Ill. — Friendship Village of Schaumburg, an independent continuing care retirement community (CCRC) in the Chicago suburb of Schaumburg, has filed for Chapter 11 protection through the U.S. Bankruptcy Court for the Northern District of Illinois and is seeking a sale. The community cites continued hardships from the COVID-19 pandemic. Debt on the community is largely through bond financing. The community will continue to operate as normal during the bankruptcy process. The sale process will be subject to the bankruptcy court’s oversight. Due to the large size of the …

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AcquisitionsCompany NewsNews

CBRE Acquires Appraisal Company Valuation & Information Group

by Jeff Shaw

CULVER CITY, Calif. — CBRE has acquired Valuation & Information Group (VIG), a Culver City-based provider of appraisal and market feasibility services for seniors housing and healthcare real estate throughout the United States. VIG provides valuation services for a wide variety of property types in the seniors housing and healthcare sectors, including independent living, assisted living, skilled nursing, medical office buildings, surgery centers, specialty hospitals and acute-care hospitals. In addition, the firm provides valuation services for HUD and conventional multifamily financing. VIG’s 23 employees will integrate with CBRE’s seniors housing …

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EPOCH Senior Living Names Laurie Gerber as Chairperson

by Jeff Shaw

WALTHAM, Mass. — EPOCH Senior Living has named Laurie Gerber, wife of the late EPOCH founder and CEO Larry Gerber, has been named the company’s chairperson. Laurie will work alongside the Waltham-based EPOCH management team. Larry founded the company in 1997. Under his leadership, the company grew significantly to include five Waterstone Senior Living communities and 11 Bridges by EPOCH memory care assisted living communities located throughout the Northeast. Larry died on March 25 at the age of 66. Laurie is an executive with over two decades of experience as …

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