Mergers/Acquisitions

Alta Senior Living Acquires a 175-unit Independent and Assisted Living Community in Margate, Florida with Plans to Invest an Additional $6.5M in Renovation Capital to Further Enhance the Community.

MARGATE, Fla. – Alta Senior Living recently closed on their first senior living community in Florida with the recent acquisition of Waterside Landing, a 175-unit independent and assisted living community in Margate, Florida. Upon closing, the operations was successfully transitioned to Alta Senior Living, Inc. Over the next 12 months, …

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Covenant Living Communities and Services and Three Crowns Park Sign Affiliation Agreement

Three Crowns Park-Evanston, IL

SKOKIE, Ill.: Covenant Living Communities and Services, a not-for-profit faith-based senior living organization headquartered in Skokie, announces it has entered into an affiliation agreement with Three Crowns Park, a senior living community located in Evanston, Illinois. Under this agreement, Three Crowns Park will become part of the Covenant Living organization. …

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Deerfield and Grand Lodge Ownership Transition

OMAHA, Neb., and WEST DES MOINES, Iowa — Immanuel Communities and Lifespace Communities, both not-for-profit owners and operators of continuing care retirement communities (CCRCs), reached a mutual agreement to transfer ownership and management of Lifespace’s Des Moines, IA., and Lincoln, Neb.-based campuses into Immanuel’s family of retirement living communities. Terms …

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Tryko Partners to Acquire Hopkins Manor in North Providence, R.I. $5 Million in Renovation and Programming Enhancements Planned for 200-bed Skilled Nursing Facility

NORTH PROVIDENCE, R.I., June 17, 2020 – Private equity investment firm Tryko Partners has been selected to acquire Hopkins Manor, a 200-bed North Providence skilled nursing facility, out of receivership for a price of $14.5 million. Tryko and its healthcare affiliate, Marquis Health Services, will provide immediate assistance to Jonathan …

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