Mergers/Acquisitions

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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Tryko Partners Acquires Three Skilled Nursing Facilities in Virginia

ALEXANDRIA/RICHMOND/COLONIAL BEACH, VA–Continuing its strategic growth in the Mid-Atlantic region, Tryko Partners has acquired three skilled nursing facilities in Virginia. The additions represent a geographic expansion for the Brick, N.J.-based private equity investment firm. The facilities, which were part of the Cambridge Healthcare Portfolio, include the 307-bed Woodbine Rehabilitation & …

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Asbury Announces Albright Care Services Affiliation

FREDERICK, MD–Asbury Communities announced in January that Albright Care Services is joining the Asbury organization. As a result of the affiliation, Asbury will grow to eight continuing care retirement communities in three states. With the addition of Albright’s pharmacy services line, innovative LIFE centers providing day services, and a third …

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