VICTORIA, Texas — Regency Integrated Health Services has rebranded its Texas-based portfolio of 63 skilled nursing facilities as Wellsential Health properties. The properties are all being transitioned to a nonprofit model as part of the change. Wellsential Health has more than 7,000 team members and 6,000 patients and residents. The organization claims it is now the largest family of nonprofit skilled nursing facilities in Texas.
NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) has made changes to its Board of Trustees and executive leadership team, amonth other actions, to address its near-term capital needs, including DHC’s pending debt maturities. Phyllis Hollis has been appointed as an independent trustee of the DHC board. She previously worked as an executive at an investment bank and has extensive experience in finance and executing capital markets transactions. She will serve on DHC’s audit committee and compensation committee, which she will chair. In addition, DHC has appointed Matthew Brown as …
ATLANTA — The Senior Living Transformation Co. (SLTC) has acquired a 113-unit assisted living and memory care community in partnership with Omega Healthcare Investors (NYSE: OHI). The Senior Living Transformation Center, known as The Rivers at Maryland Farms, is the first acquisition and demonstration pilot for the newly formed partnership. The objective of the partnership is to create both an innovation center for technology and data solutions for the seniors housing industry and to demonstrate a new model of care within seniors housing. SLTC was recently formed by leading senior …
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. …
