CARLSBAD, Calif. — Integral Senior Living has named Jennifer Lester and Kelly Ainsworth as senior executive directors of their respective communities. Lester is the executive director of Sage Spring Senior Living, which opened in December 2020. Ainsworth currently serves as the executive director for Parkview on Hollybrook. Carlsbad-based Integral more than 100 senior living communities offering independent living, assisted living and memory care in 25 states.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has promoted Sheila Fioretti to the newly created role of dining services specialist. She will lead an enhanced culinary program elevating dining experiences in each of Watercrest’s senior living communities. Fioretti joined the Watercrest family as executive chef of its largest Watercrest campus, overseeing all aspects of culinary management for independent living, assisted living and memory care dining. In her new role, she will continue the advancement of Watercrest’s refined dining experiences including healthy and diverse options, advanced …
HOUSTON — Buckner Retirement Services has hired industry veteran Tim List as the new executive director for faith-based senior living community Parkway Place in Houston. List takes over for Abraham Mathew, who moved into the position of director of operations for Buckner. List’s career in senior living began in 2012 at Longhorn Village, a life plan community in Austin. There he rose from lead chauffeur to administrator, serving in roles such as accounting specialist, employee relations supervisor, and assistant administrator along the way. List earned a bachelor’s degree in multidisciplinary …
LOS ANGELES — Sherman & Roylance has arranged new leases for two skilled nursing facilities totaling over 150 licensed beds in downtown Los Angeles. Sherman & Roylance sourced a selection of competitive offers and recommended the new tenant.
SAN ANTONIO — 12 Oaks Senior Living has taken over management of The Inn at Los Patios, a 166-unit independent living and assisted living community in San Antonio. 12 Oaks, along with local nonprofit San Antonio Community Development Council, intends to complete a major renovation and upgrade to the community.
NEWTON, Mass. — ABP Acquisition LLC has agreed to acquire Newton-based operator AlerisLife Inc. (NASDAQ: ALR) for $1.31 per share, or $43.8 million, and take the company private. The price represents an 85 percent premium to the average stock price over the 30 days prior to the sale announcement, which was 71 cents per share. ABP is majority owned and controlled by Adam Portnoy, one of ALR’s managing directors and the chair of its board of directors. ABP and its affiliates currently own approximately 6.1 percent of ALR’s outstanding shares …
IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has completed roughly $185 million of sales related to previously disclosed disposition activity. In addition, the 24 properties formerly leased to North American have been successfully transitioned to Ensign Group (NASDAQ: ENSG) and the Avamere Family of Companies. The disposition activity was almost entirely comprised of skilled nursing investments, including a sizable portfolio that sold for over $200,000 per bed. In aggregate, the cash yield on this disposition activity was approximately 7 percent for the 12-month period ending Sept. 30, …
FORT WAYNE, Ind. — Priority Life Care (PLC), a Fort Wayne-based operator, has promoted Mark Starks to senior vice president of operations, David Kloster to vice president of operations and Marisa Williams to senior director of sales and training. Starks is responsible for upholding the profitability and values of Priority Life Care by leading business strategy and operations. He works with the PLC leadership team to determine and develop business needs, goals and initiatives. He has over 15 years in the field and is a nurse and clinical trainer. Kloster …
ST. LOUIS — Chapters Living, a St. Louis-based assisted living operator, has hired Becky Kaufmann and Tyler Brady to its team. Kaufmann joins Chapters as the senior vice president of quality of life and memory support. With over 16 years of experience as a healthcare executive with an emphasis on senior living, Kaufmann will develop both the memory care programming and total quality management platforms. With over 13 years of financial analysis and strategy experience, Brady joins the company as senior vice president of strategic finance. He will lead the …
FRISCO, Texas — Ridgeline Management Co. has taken over operations of Parsons House of Frisco, renaming the property The Ridge at Frisco. The Ridge at Frisco is a three-story assisted living community that has served the Frisco area since 2001. The Ridge at Frisco is the fourth community added to the Ridgeline’s portfolio in recent months. It joins The Peaks at Millcreek in Salt Lake City; The Ridge at Oregon City in Oregon City, Oregon; and Ridge at The Stratford in Phoenix. These communities are a part of an aggressive …