ALEXANDRIA, Va. — The Assisted Living Federation of America (ALFA), a seniors housing advocacy group, will establish a separate, independent credentialing organization to operate and govern industry certification and certificate programs.
News
WEST POINT, Pa. — Senior living provider ACTS Retirement-Life Communities has unveiled a multi-year strategic plan to renovate and reposition its portfolio of continuing care retirement communities (CCRCs). The renovations are expected to total approximately $300 million over the next three years.
PORT ROYAL, S.C. – Big Rock Partners, a real estate investment management and development firm, and joint venture partner Millennium Real Estate Group LLC plan to begin construction in early 2016 on a $25 million upscale senior living rental development in Port Royal, just minutes from Hilton Head Island in South Carolina’s Lowcountry region.
For the fourth consecutive year, Justin Hutchens has made Forbes lists of America’s Most Powerful CEOs 40 and Under, ranking 13th this year. Hutcens is CEO and president of National Health Investors Inc. (NYSE: NHI), a real estate investment trust specializing in seniors housing and medical properties.
Ventas to Acquire Ardent Health Services for $1.75B, Spin Off Skilled Nursing Portfolio
by Jeff Shaw
CHICAGO — Ventas Inc. (NYSE: VTR), a seniors housing and healthcare REIT, has signed a definitive agreement to acquire Ardent Medical Services Inc. for $1.75 billion in cash. Ardent Medical, a subsidiary of Nashville-based Ardent Health Services, is one of the 10 largest for-profit hospital firms in the United States. The privately owned Ardent Medical will be entitled to distribute up to $75 million in excess cash to its existing shareholders as part of the transaction.
SAN FRANCISCO — Aging2.0, an international organization working to improve technology that supports seniors, has launched the Aging2.0 Alliance, a new membership community for senior care stakeholders and technology companies. The announcement was made at the 2015 National Investment Center (NIC) Capital and Business Strategies Forum in San Diego.
Merit Senior Living Holds Senior Living Executive Forum to Address Workforce Supply Shortage
by Jeff Shaw
CLIVE, Iowa — In response to a growing workforce shortage facing the aging services and long term supports and services (LTSS) industry, Merit Senior Living will host an inaugural Senior Living Executive Forum, called Convergence, to take place Friday, April 10 in Clive.
ACWORTH, Ga. — Construction will begin April 3 on Celebration Village Acworth with plans to open the 16.5 acre seniors housing community in May 2016. The community includes 114 independent living apartments, 44 apartment homes, 55 assisted living units and 31 memory care apartments.
HUNT VALLEY, Md. and CHICAGO — Omega Healthcare Investors Inc. (NYSE:OHI) has completed its acquisition of all the outstanding shares of Aviv REIT Inc. (NYSE:Aviv), forming a combined real estate investment trust with equity market capitalization of approximately $7.8 billion and a total market capitalization of approximately $11.1 billion.