Mergers/Acquisitions

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. …

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 …

Skilled Nursing Facility Provides Full Spectrum of Short- and Long-Term Care to Waldron, Ind., Community

Acquisition expands Kisco’s footprint in southern California

SilverStone Hospice Rebrand to Reflect Broader Healthcare Commitment

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 …

NEW YORK, NY–Greystone, a long-time healthcare facility owner and operator, announced the acquisition of a 13-facility portfolio comprised of 12 skilled nursing facilities and one supportive living community across Illinois and Missouri in early February. The Rosewood portfolio of properties was acquired from the Department of Housing and Urban Development …

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 & …

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 …

WOODSTOCK, GA–Frontier Management has announced the acquisition of the management of The Reserve at Towne Lake (formerly Autumn Leaves at Towne Lake) which is a dedicated 48-unit memory care community located off Eagle Drive and Rose Creek Drive. Frontier Management was excited for the opportunity to take over management of The …