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 …
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 …
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) …
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.
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 …
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, …
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 …
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.